Facebook’s Latest Acqui-Hire: Spool, The “Instapaper On Steroids”

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Facebook has acquired the team behind Spool, the mobile content-caching startup that launched in September 2011 at TechCrunch Disrupt. At that time, my colleague Sarah Perez snappily described its service as “Instapaper on steroids.”

This looks like a pure talent acquisition — it doesn’t appear that any of the technology Spool built will be integrated into Facebook, and the company has already shut down its service. Spool raised a $1 million round of venture capital this past January from a group including SVAngel, Felicis Ventures, Yuri Milner’s Start Fund and YouTube founder Steve Chen.

We’ve reached out to Spool for more information about the deal — financial details, staff numbers, and the like. This will be updated with any news we receive.

Facebook sent along this statement about the deal:

“The Spool team has deep expertise in mobile software development and a passion for making content easy to consume. We’re excited for the team to join and accelerate their vision at Facebook.”

Here is the blog post Spool co-founder Avichal Garg wrote announcing the move:

We started Spool to make content easy to consume on a mobile device. To accomplish this, we built some very sophisticated technology and developed a deep expertise in mobile software development. We firmly believe that solving these problems will be increasingly important as the world accesses the Internet primarily through mobile devices.

We are proud to announce that today we will be pursuing our vision as a part of Facebook. If you were a Spool user, please read the instructions on retaining your bookmarks.

We are extremely excited to accelerate our vision and help Facebook’s users connect and share with the people in their lives. We wouldn’t be in a position to have this sort of impact without our supporters and the Spool community. Please accept a heartfelt thank you for supporting us and for affording us this opportunity.

Sincerely,
The Spool team