Todd Spangler NY Digital EditorSpotify will roll its own rival to the buzzy Clubhouse live-audio chat app — saying it will launch a range of new live and interactive programming in the next few months.Spotify announced the acquisition of Betty Labs, the creators of Locker Room, a live audio app focused on sports talk.Terms of the deal were not disclosed.
Spotify’s deal values Betty Labs at around $50 million, the Wall Street Journal reported. Founded in 2018, Betty Labs had raised $9.3 million, according to Crunchbase.
Investors included Amazon’s Alexa Fund, Google Ventures, Lightspeed Venture Partners and Precursor Ventures.Betty Labs first launched Locker Room for sports fans in October 2020.
Read more on variety.com