About Soundtrap
Soundtrap is a company based in Stockholm (Sweden) founded in 2012 was acquired by Spotify in November 2017.. Soundtrap has raised $8.5 million across 4 funding rounds from investors including Spotify, Industrifonden and Peter Sterky. Soundtrap operates in a competitive market with competitors including BandLab, Splice, Vampr, Boombox and Pibox, among others.
- Headquarter Stockholm, Sweden
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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Funding Insights of Soundtrap
Soundtrap has successfully raised a total of $8.5M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $6.0M
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First Round
First Round
(29 Jun 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2016 | Amount | Series A - Soundtrap | Valuation |
investors |
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| Jun, 2016 | Amount | Seed - Soundtrap | Valuation |
investors |
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| Nov, 2015 | Amount | Seed - Soundtrap | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Soundtrap
Soundtrap has secured backing from 3 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Spotify, Industrifonden and Peter Sterky. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in deep-tech, life sciences, and transformative tech are managed.
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Founded Year | Domain | Location | |
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Music streaming is offered on-demand to global users.
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PS
Peter Sterky |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Soundtrap
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Soundtrap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Soundtrap Comparisons
Competitors of Soundtrap
Soundtrap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BandLab, Splice, Vampr, Boombox and Pibox, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A cloud-based platform enables music creation and user collaboration.
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| domain | founded_year | HQ Location |
Music creation and collaboration are enabled through an online platform.
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| domain | founded_year | HQ Location |
Music collaboration is enabled via an app-based platform for users.
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| domain | founded_year | HQ Location |
Cloud-based music collaboration and file management solutions are provided.
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| domain | founded_year | HQ Location |
Cloud-based music collaboration and sharing platform is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Soundtrap
Frequently Asked Questions about Soundtrap
When was Soundtrap founded?
Soundtrap was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Soundtrap located?
Soundtrap is headquartered in Stockholm, Sweden.
Is Soundtrap a funded company?
Soundtrap is a funded company, having raised a total of $8.5M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jun 29, 2015.
What does Soundtrap do?
Soundtrap was established in 2012 in Stockholm, Sweden, within the music technology sector. A web-based recording studio is provided for users to capture audio performances, voice tracks, and mixes collaboratively with others. Educational features are included for school settings. Access is supported across Mac, Windows, iOS, Android, Linux, and Chromebooks, with revenue derived from in-app purchases.
Who are the top competitors of Soundtrap?
Who are Soundtrap's investors?
Soundtrap has 3 investors. Key investors include Spotify, Industrifonden, and Peter Sterky.
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