ROLI

Manufacturing & Industrial Technology consumer software music professional equipment

ROLI is a technology company known for the Seaboard, BLOCKS, and other high-tech musical instruments. Its first instrument, the Seaboard, is based on the piano keyboard. The Seaboard has a continuous surface of pliable silicone rather than the hard, discrete keys of a piano. The instrument introduced ways for musicians to play "in between" the keys of a standard piano. A player can bend the pitch of a note by making vibrato-like sideways movements, deepens a sound by pressing into the surface, and in other ways manipulate sound through touch. The Seaboard's touch technology was adapted for BLOCKS, a consumer-oriented music device. The Company develops both hardware and software. In addition to its musical instruments and devices, it created the NOISE app and the Equator software synthesizer. It also owns the C++ audio coding framework JUCE, the virtual instruments maker FXpansion, and the social music-sharing platform Blend.

Revenue(FY, 2016)

£4.8 M

Type

Private

London, GB

Founded

2009

Size (employees)

147 (est)+4%

Website

roli.com

ROLI was founded in 2009 and is headquartered in London, GB

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Key People/Management at ROLI

Roland Lamb

Founder & CEO

Catriona Reader

Executive Assistant to the CEO

Henrik Lorensen

Chief Operating Officer

Jemilla Olufeko

Legal Counsel

Sarah-Jane Lee

Sales Order Coordinator

Corey Harrower

Chief People Officer

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ROLI Office Locations

ROLI has offices in New York and London

London, GB (HQ)

2 Glebe Road Dalston

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ROLI Financials and Metrics

Summary Metrics

Founding Date	2009
Total Funding	$56.3 m
Time since last funding	a year ago
Investors	Index Ventures, Foundry Group, Localglobe, Balderton Capital, FirstMark Capital, Horizons Ventures, Kreos Capital, Universal Music Group, Founders Fund, Chris Ahearn, BGF Ventures

ROLI's latest valuation is reported to be £60.3 m.

ROLI Financials

ROLI's revenue was reported to be £4.75 m in FY, 2016

Summary

GBP
Revenue (FY, 2016)	4.8 m
Gross profit (FY, 2016)	1.4 m
Gross profit margin (FY, 2016), %	29.2%
Net income (FY, 2016)	(14.3 m)
EBITDA (FY, 2016)	(14.2 m)
EBIT (FY, 2016)	(14.5 m)
Market valuation	60.3 m
Cash (31-Dec-2016)	10.2 m

Source: Company Filings

Income Statement

GBP	FY, 2014	FY, 2015	FY, 2016
Revenue	298 k	1.5 m	4.8 m
Cost of goods sold	232 k	1 m	3.4 m
Gross profit	66 k	506 k	1.4 m
Gross profit Margin, %	22%	33%	29%

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Balance Sheet

GBP	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	15.8 k	391.5 k	55.8 k	6.3 m	3.2 m	10.2 m
Accounts Receivable	793	44.5 k	234.2 k	5 k	211 k	3.2 m
Inventories			232.8 k	300 k	317 k	3.9 m
Current Assets	16.6 k	436 k	522.8 k	7.2 m	4.8 m	18.1 m

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Cash Flow

GBP	FY, 2014	FY, 2015	FY, 2016
Net Income	(3 m)	(5.9 m)	(14.3 m)
Cash From Operating Activities	(3.3 m)	(6.6 m)	(13 m)
Cash From Financing Activities	10.5 m	4.2 m	22.7 m
Net Change in Cash	6.2 m	(3.1 m)	7 m