Report: Spotify Raises $350 Million In New Round Of Fundraising
May 4, 2015 at 4:37 AM (PT)
A report on FRIDAY (5/1) by CNBC indicated that SPOTIFY has raised about $350 million in a new round of fundraising.
CNBC cites unnamed "people familiar with the matter" in reporting that the "first close" of the round took place last week, with GOLDMAN SACHS among the initial investors. SPOTIFY was already valued at $8 billion before the new fundraising, giving it a valuation twice that of PANDORA.