Spotify acquires New York startup Mediachain Labs for undisclosed amount

Spotify has acquired US blockchain startup Mediachain Labs, though no terms were disclosed. Mediachain Labs, headquartered in Brooklyn, has created a solution called the Mediachain protocol, via the blockchain, that links a creator’s content online with information about the creator. As part of the acquisition, Mediachain Labs will be joining Spotify’s New York office while […]

Spotify acquires customer service and retention software company Preact

Spotify has announced its acquisition of Preact, a US-based provider of customer service and predictive analytics software. Terms of the acquisition were undisclosed. Founded in 2012, Preact had raised around €10 million in funding to date, from Atlas Venture, Launchpad LA, Bee Partners and other investors. “Finding the trends and behavior patterns in our data […]

Music recording platform Soundtrap raises $6 million in Series A round

Stockholm’s Soundtrap has raised a $6 million Series A round to enhance its cloud-based music recording platform. The round was led by Industrifonden along with former Spotify CFO Peter Sterky. Soundtrap’s platform allows musicians to record and collaborate regardless of device or OS. The startup projects a million users by the end of the year. […]