Suno Series B (2024)

funding round·funding round·announced

series b financing for Suno, announced 2024-05-21.

Recorded facts

Official site	https://suno.com/blog/fundraising-announcement-may-2024 ↗
Geography	United States — Massachusetts
amount	value: 125000000 · currency: USD · qualifier: exact · disclosure state: disclosed
round type	series_b
closing date	unknown
extension date	unknown
grant provider	unknown
initial amount	unknown
lead investors	Lightspeed Venture Partners; nat friedman; daniel gross
source classes	company_announcement
round structure	unknown
converted amount	unknown
announcement date	2024-05-21
transaction state	announced
cumulative funding	not publicly disclosed
strategic investor	unknown
funded organization	name: Suno · research key: org-suno
post money valuation	basis: reported_estimate · value: 500000000 · currency: USD
participating investors	Matrix; Founder Collective
disclosed use of proceeds	Accelerate product development and grow the team.
conflicting reported amounts	value: 125000000 · source: Suno and later reporting · currency: USD · interpretation: round_amount; value: 125000000 · source: The Information initial report · currency: USD · interpretation: possible cumulative funding with precise round size unknown

lead investor in (by)	Lightspeed Venture Partners 2024-05-21 — nowSource 1 ↗ PARTY CLAIM high confidence
participated in (by)	Matrix 2024-05-21 — nowSource 1 ↗ PARTY CLAIM high confidence
funded organization	Suno 2024-05-21 — nowSource 1 ↗ PARTY CLAIM high confidenceSource 2 ↗ PARTY CLAIM high confidence
participated in (by)	Founder Collective 2024-05-21 — nowSource 1 ↗ PARTY CLAIM high confidence