Spotify acquires Swedish collaborative audio recording startup Soundtrap

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