We’ve reported on the financial troubles of British live-video startup Chew over the last year, but the story appears to have a happy ending. The company has been bought by music-creation platform BandLab for an undisclosed amount.
“Chew will continue as its own entity, as well as integrating into the BandLab platform, under new management with a fantastic team to take it forward,” wrote Chew co-founder Wil Benton, who is taking up a new job at UK startup accelerator Ignite following the deal, while continuing in an advisory role at Chew.
The dance music-focused startup, which has pitched itself as ‘Twitch for DJs’, had a community of more than 380k users, but fell foul of a hacker misusing its bandwidth last December, forcing it to raise £12k in crowdfunding to keep going.
Now Chew will be part of BandLab’s service, which has more than two million users creating music using its tools. “You’ll see key fundamentals of Chew’s technology integrated into the BandLab platform as we move forward,” wrote BandLab CEO Meng Ru Kuok in a blog post about the acquisition.