Strengths, Areas for Growth, and Conclusion

In this section, I’m going to highlight the strengths, areas for growth, and my conclusion from an Investor Perspective and an Education Venture Analyst.

Strengths

MakeMusic’s tagline is “Power Your Potential.” By powering your potential, the program is taking the traditional ways of learning and making it a lot more interactive and engaging for developing musicians. This program also allows educators to invest more time into “music-making” while still maintaining a hybrid of traditional learning. In this section, we will take a look at the financials that are public at this time.

Financials

According to cbinsights.com, they state that MakeMusic has raised $21.18 million over 5 funding rounds. Their last funding round was a loan for $1.5 million on May 1, 2020.

According to rocketreach.co, MakeMusic’s annual revenue was $17 million.

Investors

As of 2020, there are 8 investors who have supported this venture.

Acquisitions

MakeMusic has acquired 2 organizations. Their most recent acquisition was Upbeat Music App on May 26, 2022.

Areas for Growth

Looking through the different websites, a lot is not mentioned about their financials which could be concerning to potential investors. However, from an educators perspective, specifically music educators source educational materials via word of mouth as well as music education conventions.

Where the company could grow is providing more transparency for financials. As an investor, it is good to know how it plays in the market.

Conclusion

In finding the financial data to provide for future investors, it was tough to find anything public. The website itself could provide more information on how it is doing in the market. Anything that was public, was not recent and dates back to 2012.