0
Internet

Spotify valued at USD 3 bln in latest funding - report

Monday 12 November 2012 | 08:54 CET | News
Spotify is in the midst of closing a round of financing that will value the online music service at slightly more than USD 3 billion, people with knowledge of the matter told the Wall Street Journal. The UK-based company is raising more than USD 100 million from multiple investors, including Goldman Sachs, the report said. However, the round falls short of Spotify's earlier ambitions to raise money at a valuation as high as USD 4 billion, other sources told the paper. Spotify last raised about USD 100 million in 2011 from venture-capital firm Kleiner Perkins Caufield & Byers and Russian investment firm DST Global, at a USD 1 billion valuation.

Categories: Internet
Companies: DST / Spotify
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.






30,000+
Snow had slightly more than 30.000 subscribers at the end of Q2 2014
Belgium  |  2014 Q2

Calendar   /   Industry Events

27 Oct Twitter Q3 2014
27 Oct Meru Networks Q3 2014
27 Oct Net Insight Q3 2014
27 Oct PMC-Sierra Q3 2014
27 Oct Ooredoo Q3 2014
27 Oct Telecoms Social Network Summit
28 Oct KPN Q3 2014
28 Oct Grameenphone Q3 2014
28 Oct Digital Realty Q3 2014
28 Oct Harris Corporation Q1 2014/25
28 Oct Telio Q3 2014
28 Oct Extreme Networks fiscal Q1
28 Oct T-Mobile US Q3 2014
28 Oct Facebook Q3 2014
28 Oct Internap Q3 2014
28 Oct Synchronoss Q3 2014
28 Oct Inphi Q3 2014
28 Oct Extreme Networks Q3 2014
28 Oct AppliedMicro Q3 2014
28 Oct WIFI World Summit
28 Oct Powering the Cloud
28 Oct Rich Communication 2014
29 Oct Telenor Q3 2014
29 Oct STMicroelectronics Q3 2014
29 Oct Glu Mobile Q3 2014
29 Oct JDSU Q3 2014
29 Oct Arris Q3 2014
29 Oct Peregrine Semiconductor Q3 2014
29 Oct TE Connectivity Q3 2014
29 Oct Myanmar Mobile Services
::: More Calendar Items