Spotify acquired Findaway in 2021 to expand its audiobook business.
Findaway was an Ohio-based audiobook company that operated across several parts of the audiobook supply chain. Its services included audiobook distribution, production tools, and a catalog platform connecting publishers and creators with retailers and libraries. The acquisition gave Spotify technology and industry relationships beyond music and podcasts.
Spotify announced the acquisition in November 2021. The deal included Findaway's publishing imprint, OrangeSky Audio, and helped Spotify build a more substantial position in audiobooks. Spotify later integrated audiobook offerings into its broader audio platform, where music, podcasts, and spoken-word content could be accessed through the same service.
Findaway is sometimes confused with Audible, Libro.fm, or Storytel because all are associated with audiobook listening or distribution. However, Audible is an Amazon-owned audiobook retailer and producer, while Storytel is a separate subscription audiobook company. Findaway was the company Spotify bought, making it the canonical answer to this question.