Shanghai, China
musical.ly Inc. is revolutionizing the way users engage with video content, rapidly establishing itself as a frontrunner in the Internet, Music, and Media industries. Founded in 2014 in Shanghai, China, musical.ly has impressively captured a global audience, boasting over 10 million daily users who leverage the platform to broadcast creativity, humor, and talent via short videos.
The app's meteoric rise is evidenced by its consistent #1 ranking in the iOS App Store across more than 20 countries, including significant markets such as the U.S., U.K., and Japan. Garnering accolades like TIME’s 25 Best Apps of the Year 2017 and the Wall Street Journal’s Innovators Award in the same year, musical.ly is clearly resonating with its target audience.
In terms of financial backing, musical.ly has secured a notable $133.50M Series C investment as of May 2016, with credible investors like Goodwater Capital, Qiming Venture Partners, and Greylock fueling its expansion. This positions musical.ly as a compelling investment opportunity in a burgeoning digital landscape.
