Spotify has acquired fellow Swedish startup Soundtrap, which offers a collaborative online music and audio recording studio. Terms of the deal were not disclosed.
Founded in 2012, Soundtrap had raised around $8.5 million to target amateur musicians with a cloud-based recording platform that works across mobile and desktop. Though its initial focus was on the music world, Soundtrap gained popularity as an educational tool, which led the company to launch a version for educators.
In terms of what Spotify has in store for Soundtrap, well, that’s not yet entirely clear. The entire Soundtrap team will join Spotify in Stockholm, and Spotify has confirmed that the Soundtrap service will continue to operate as is.
However, it’s easy to see how Spotify could leverage a service such as Soundtrap: A world in which Spotify lets artists record audio directly through its platform, similar to what SoundCloud already offers, is entirely plausible. “Soundtrap’s rapidly growing business is highly aligned with Spotify’s vision of democratizing the music ecosystem,” Spotify said in a press release.
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“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,” Soundtrap added in a separate statement.
Soundtrap is Spotify’s 12th known acquisition, and the fourth of 2017, following content recommendation startup MightyTV, blockchain startup Mediachain, and French machine learning startup Niland.
