Musical.ly Closing $100 Million Funding Round For Social Music Videos 

Posted onAuthorPaul Sweeting

Shangahai based Musical.ly is closing in on a $100 million finding round at a whopping $500 million valuation. Musical.ly allows fans to play with their favorite songs and create their own music videos.. There are similarities to Dubsmash and Vine, but Musical.ly creates loyal communities by adding a music focused social network that encourages interaction with both artists and other fans.

Source: Musical.ly Closing $100 Million Funding Round At $500 Million Valuation For Social Music Videos – hypebot