About Simply
Simply is a company based in Tel Aviv (Israel) founded in 2009 by Yuval Kaminka and Roey Izkovsky. It operates as a SaaS (Software-as-a-Service), Subscription Services, and EduTech. Simply has raised $92 million across 6 funding rounds from investors including Hearst, Qualcomm Ventures and Google Ventures. Simply offers products and services including Simply Piano, Simply Guitar, Simply Sing, Simply Draw, and Simply Tune. Simply operates in a competitive market with competitors including Yousician, Trala, Skoove, Musopia and The ONE, among others.
- Headquarter Tel Aviv, Israel
- Founders Yuval Kaminka, Roey Izkovsky
- Stage Unicorn
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Sectors
EducationMedia & Entertainment
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Email
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Phone
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Website
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Social
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- Legal Name Simply Ltd.
- Jurisdiction Na, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$92 M (USD)
in 6 rounds
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Latest Funding Round
$50 M (USD), Series C
Jun 21, 2021
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Investors
Hearst
& 13 more
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Employee Count
Employee Count
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Products & Services of Simply
Simply offers a comprehensive portfolio of products and services, including Simply Piano, Simply Guitar, Simply Sing, Simply Draw, and Simply Tune. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Piano skills are taught through interactive, personalized lessons.
Guitar learning is facilitated with personalized tutorials and feedback.
Singing is supported by adjusting songs to vocal range.
Drawing skills are developed with step-by-step personalized courses.
Instruments are tuned using a fast, free tuner tool.
Piano learning is enhanced with augmented reality technology.
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Funding Insights of Simply
Simply has successfully raised a total of $92M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $50.0M
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First Round
First Round
(01 Jun 2012)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series C - Simply | Valuation | Google Ventures | |
| Aug, 2019 | Amount | Series B - Simply | Valuation | Qumra Capital | |
| Jun, 2018 | Amount | Series A - Simply | Valuation | Insight Partners , Aleph |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Simply
Simply has secured backing from 14 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Hearst, Qualcomm Ventures and Google Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investing in technology sectors such as AI and automotive.
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Founded Year | Domain | Location | |
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Late-stage tech investments in Israel are made by Qumra Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Simply
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Simply
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Simply Comparisons
Competitors of Simply
Simply operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Yousician, Trala, Skoove, Musopia and The ONE, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Musical instrument learning is facilitated by an app-based platform.
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| domain | founded_year | HQ Location |
Trala is focused on providing violin learning through an innovative app.
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| domain | founded_year | HQ Location |
Piano learning solutions are delivered via mobile and SaaS platforms.
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| domain | founded_year | HQ Location |
Music software for mobile learning apps is developed by Musopia.
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| domain | founded_year | HQ Location |
Self learning of piano music lessons
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Simply
When was Simply founded?
Simply was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is Simply located?
Simply is headquartered in Tel Aviv, Israel.
Who is the current CEO of Simply?
Yuval Kaminka is the current CEO of Simply. They have also founded this company.
Is Simply a funded company?
Simply is a funded company, having raised a total of $92M across 6 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Jun 01, 2012.
What does Simply do?
Interactive learning apps are developed by Simply to make creative hobbies accessible. Focus is placed on music and arts education, with solutions for learning piano, guitar, singing, and drawing. Augmented reality is integrated into piano learning for an immersive experience. Subscriptions are offered for individuals and families, fostering creativity across various skill levels. Communities are built to support users in sharing their learning journeys globally.
Who are the top competitors of Simply?
What products or services does Simply offer?
Simply offers Simply Piano, Simply Guitar, Simply Sing, Simply Draw, and 2 more products and services.
Who are Simply's investors?
Simply has 14 investors. Key investors include Hearst, Qualcomm Ventures, Google Ventures, Qumra Capital, and Insight Partners.
What is Simply's valuation?
The valuation of Simply is $1B as of Jun 2021.
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