About Soundtrap
Soundtrap is a Media & Entertainment company based in Stockholm (Sweden) founded in 2012, and was acquired by Spotify in November 2017. It operates as a music co-creation and sharing platform. Soundtrap has raised $8.5 million across 4 funding rounds from investors including Spotify, Industrifonden and Peter Sterky. Its website soundtrap.com draws about 4 million monthly visits. Its focus areas include Consumer, Music Tech, Music Artist IT and Music Creation. Its competitors include BandLab, Splice, Vampr, Boombox and Pibox and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
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.
Apps and channels of Soundtrap
its YouTube channel Soundtrap has 30.4K subscribers and 30 videos.
Videos from Soundtrap
The most watched videos on Soundtrap's YouTube channel, Soundtrap (30.4K subscribers). Click a video to play it here.
More on Soundtrap.
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 $8.5M
- Total Rounds 4
- Last Round Series A — $6M
- First Round $1M
(Jun 2015)
- Investors Count 2
All 4 funding rounds of Soundtrap with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2016 | $6M | Series A | – | – | |
| Jun 2016 | – | Seed | – | – | – |
| Nov 2015 | $1.5M | Seed | – | – | – |
| Jun 2015 | $1M | Seed | – | – | – |
3 investors in total: 2 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in deep-tech, life sciences, and transformative tech are managed. | – | industrifonden.com | Stockholm, Sweden | |
Music streaming is offered on-demand to global users. | 2006 | spotify.com | Stockholm, Sweden | |
PS Peter Sterky | - | – | unknown_25a217938c944b8b9 | - |
Investor details for Soundtrap
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People of Soundtrap
14 people are tracked at Soundtrap (2 in leadership, 10 in board & advisors, 2 in team).
| Name | Role | Group |
|---|---|---|
Dustee Jenkins | Chief Public Affairs Officer | Leadership |
Daniel Ek | Co-Founder & Executive Chairman | Leadership |
Christopher Marshall | Director | Board & advisors |
Thomas Staggs | Director | Board & advisors |
Kelly Bennett | Advisor to the CEO | Board & advisors |
Ted Sarandos | Director | Board & advisors |
Mona Sutphen | Director | Board & advisors |
Barry McCarthy | Director | Board & advisors |
Heidi O’Neill | Director | Board & advisors |
Shishir Mehrotra | Director | Board & advisors |
Padmasree Warrior | Director | Board & advisors |
Martin Lorentzon | Co-founder & Director | Board & advisors |
Kimberly Letzler | Strategy & Operations Manager, Public Affairs | Team |
Erin Styles | Public Affairs, Communications & PR Lead | Team |
Complete people profiles for Soundtrap
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
- Professional contacts
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Timeline of Soundtrap
4 dated milestones of Soundtrap across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Soundtrap is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series A, of $6.0M.
- Exit Acquired by Spotify.
Competitors of Soundtrap
Soundtrap has 9 listed competitors in our database, 8 of them funded. They include BandLab, Splice, Vampr, Boombox and Pibox, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bandlab.com | 2014 | Singapore | $143M | – | A cloud-based platform enables music creation and user collaboration. | |
| splice.com | 2013 | New York, United States | $164.5M | 181 | Music creation and collaboration are enabled through an online platform. | |
| vampr.me | 2015 | Henderson, United States | $1.44M | – | Music collaboration is enabled via an app-based platform for users. | |
| boombox.io | 2021 | San Francisco, United States | $7M | – | Cloud-based music collaboration and file management solutions are provided. | |
| pibox.com | 2015 | Kyiv, Ukraine | $1.8M | – | Cloud-based music collaboration and sharing platform is offered. | |
| beatconnect.com | 2020 | Beaconsfield, Canada | $3.87M | – | Music creation and collaboration are facilitated by a cloud-based platform. | |
| rocketnetwork.com | 1994 | San Francisco, United States | $34.6M | – | Audio professionals are enabled to collaborate online for music production. | |
| mypart.net | 2016 | Tel Aviv, Israel | – | – | An online crowdsourcing platform is utilized for artistic community collaborations. | |
| hitrecord.org | 2004 | Glendale, United States | $6.4M | 32 | Online collaborative production company |
Detailed competitors of Soundtrap
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Soundtrap
The website of Soundtrap (soundtrap.com) receives about 4M visits a month and ranks #12,554 among all websites worldwide, #1,138 in Music.
- Monthly visits4M
▲ 5.7% vs previous month
- Unique visitors959.2K
per month
- Global rank#12,554
among all websites
- Category rank#1,138
Arts and Entertainment · Music
- Bounce rate27%
- Pages per visit6.0
- Average visit5 min 36 sec
- DevicesDesktop 75% · Mobile 25%
Websites whose visitors overlap most with Soundtrap. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bandlab.com | 100% | 16.5M | #2,574 | View details | |
| splice.com | 89% | 4.8M | #9,212 | View details | |
| soundation.com | 82% | 320.9K | #133,435 | View details | |
| lascratcheuse.com | 76% | 680.7K | #507,804 | View details | |
| audiosauna.com | 74% | 2.8K | #5,787,298 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Soundtrap
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- 40 similar websites
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Top companies in Music Tech
10 companies that operate in the same segment as Soundtrap (Music Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform for on-demand music and radio streaming | 2007 | Paris, Ile de France, France | USD 445.42 M | USD 627.4 M | 1,093 | |
Music streaming is offered on-demand to global users. | 2006 | Stockholm, Stockholm County, Sweden | USD 2.06 B | USD 19.4 B | 19,363 | |
Broadcast radio channels are aggregated and streamed through subscriptions. | 2002 | San Francisco, California, United States | USD 98.35 M | – | – | |
Music streaming services are provided online for free. | 2007 | Berlin, Berlin, Germany | USD 437.81 M | – | – | |
A ticketing platform for live events is offered by DICE. | 2014 | London, England, United Kingdom | USD 238.27 M | – | – | |
Decentralized audio distribution is enabled for creators via blockchain technology. | 2018 | San Francisco, California, United States | USD 16.1 M | – | 44 | |
Music creation and collaboration are enabled through an online platform. | 2013 | New York, New York, United States | USD 164.5 M | – | – | |
Music streaming solutions for businesses are provided. | 2014 | Stockholm, Sweden | USD 54.62 M | – | – | |
Mobile jukebox app is used for venue customer engagement. | 2010 | Oakland, California, United States | USD 6.82 M | – | 80 | |
Music is licensed via a cloud-based platform for professional use. | 2009 | Stockholm, Stockholm County, Sweden | USD 476 M | – | 633 |
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Related news about Soundtrap
Complete news archive for Soundtrap
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Frequently Asked Questions about Soundtrap
Soundtrap was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Soundtrap is headquartered in Stockholm, Sweden.
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 $1M, raised on Jun 2015.
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.
Soundtrap has 3 investors. Key investors include Spotify, Industrifonden, and Peter Sterky.
Yes. Soundtrap was acquired by Spotify in November 2017.
The website of Soundtrap receives about 4 million visits a month and ranks #12,554 among all websites worldwide.