Home / Software & Service News / Sweden’s Soundtrap raises $6M to expand its online music recording platform

Sweden’s Soundtrap raises $6M to expand its online music recording platform

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Soundtrap, an online music and audio recording studio, announced today it had raised $6 million to help it expand into new countries and languages.

The latest round was led by Nordic venture capital firm Industrifonden, but also included money from Peter Sterky, a former executive at Spotify. The company has now raised a total of $8.5 million.

The idea behind the company was to create an simple, online collaborative recording service for amateur musicians. The cloud-based service works across all mobile and desktop operating systems.

“The key problem we’ve seen as musicians is that you can go into a music making tool and it’s too complex,” said Per Emanuelsson, CEO and co-founder.

However, after launching, the service almost by accident has become wildly popular with educators who are embracing it around the world. Emanuelsson said that has led the company to create a specific version for educators that complies with rules around gathering and sharing of student information.

That popularity also led Google to include it in its suite of Chromebook education services, giving Soundtrap another shot of momentum.

Soundtrap offers a consumer version, which is based on the freemium model but includes a host of extra features and storage for $7.99 percent month. The company offers a discounted educational version for $4.99 per month.

The service now has 500,000 users and is rushing to keep up with demand, particularly on the education side, Emanuelsson said.

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About Ms. A. C. Kennedy

Ms. A. C. Kennedy
My name is Ms A C Kennedy and I am a Health practitioner and Consultant by day and a serial blogger by night. I luv family, life and learning new things. I especially luv learning how to improve my business. I also luv helping and sharing my information with others. Don't forget to ask me anything!

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