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Spotify raises $100m in investment round - report

Rhian Jones
Spotfy

Spotify has reportedly raised around $100m from a round of investment led by Goldman Sachs which puts a $3bn valuation on the company.

The investment completes its eight-month search for new funding, and the valuation is three times higher than its last funding venture, which took place just over a year ago.

Fidelity Investments and Coca-Cola, which announced a marketing partnership with Spotify this year, have also participated in its latest round, according to sources.

Existing Spotify investors include Kleiner Perkins Caufield & Byers, DST Global and Li Ka-shing’s Horizons Ventures.

Source: Financial Times

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Tags: coca cola, streaming, spotify, Investment, Goldman Sachs

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