Rhapsody has acquired Schematic Labs, creator of the apps SoundTracking and Exfm, two social platforms for music. Schematic Labs had raised almost $6 million in venture funding prior to the acquisition, grabbing a valuation near $29 million in its $4.7 million Series A funding in late 2011. Investors in the company included Accel Partners, Google Ventures and SoftBank Capital, among others. Rhapsody currently has over 2 million paying subscribers to its 30-million-track global music streaming service. The acquisition will help Rhapsody integrate new features into its service to differentiate itself from other music platforms.