RapGenius Changes To Genius, Raises $40 Million

By Jay Casteel  |  07/14/2014

Genius logo

Rap Genius made moves on Friday (July), changing its name, expanded its annotation content to a variety of topics and raised more money in funding.

The company has shortened its name and domain from Rap Genius to simply Genius, now forwarding rapgenius.com to genius.com.

"Welcome to Genius.com, the brand-new hub for all the Genius communities (Rap Genius, Rock Genius, Lit Genius, everything)," the site reads when entering. "Starting today, 'Genius" is the new name of the grand project, born from rap's rib, to annotate the world."

According to Tech Crunch, the company raised a $40 million round of funding, led by Dan Gilbert and joined by previous investor Andreessen Horowitz, at a valuation under $1 billion. The influx of cash brings Genius to $56.8 million in total funding, which it plans to spend hiring engineers, designers, and community leaders.

Additionally, Genius is launching new self-serve embeddable annotations, allowing other websites to offer hover over text with explanations and background info on what that text means.

"It will give [Genius] a powerful way to gain widespread exposure while helping news sites and more offer a unique format for sharing information," writes Tech Crunch.