Anchor acquired by Spotify
Streaming music service Spotify has acquired two NYC podcasting startups – Gimlet Media and Anchor. Terms of the transactions were not disclosed but reports pegged Gimlet’s acquisition price to be north of $200M. “These acquisitions will meaningfully accelerate our path to becoming the world’s leading audio platform give users around the world access to the best podcast content and improve the quality of our listening experience as well as enhance the Spotify brand,” said Daniel Ek Spotify cofounder and CEO. “We are proud to welcome Gimlet and Anchor to the Spotify team and we look forward to what we will accomplish together.”
Selected investors in the round: Accel, Betaworks, GV, Omidyar Network, Tuesday Capital
Founding year: 2015
Total funding raised: $14.4M
Time from founding to exit: 4.1 years
Full coverage: Anchor acquired by Spotify
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