Spotify buys online recording studio Soundtrap

Remigio Civitarese
Novembre 17, 2017

Music streaming company Spotify has bought online music and audio recording studio Soundtrap, it said on Friday, declining to give financial details of the deal.

Founded in 2012, Soundtrap offers a collaborative recording platform for music and podcasts that is created to "give easy-to-use, collaborative, music-making capabilities to anyone with an electronic device and a passion for music".

In 2016, the company secured $6 million in funding to accelerate product development and expand to new markets. Swedish producer and composer Andreas Carlsson and Truecaller founders Alan Mamedi and Nami Zarringhalam have also put money into the business.

Today Spotify said Soundtrap was "highly aligned with Spotify's vision of democratizing the music ecosystem". The entire Soundtrap team will join Spotify in Stockholm, and Spotify has confirmed that the Soundtrap service will continue to operate as is. "Our two teams are culturally, creatively and strategically a great fit, so Soundtrap - including all our staff - will continue to revolutionize the music-making process for consumers, educators and students from within the Spotify family", a Soundtrap spokesperson said in a statement.

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