Spotify Looking to Stream In $400M at $8.4B Valuation
April 14, 2015
Music streaming service Spotify is reportedly nearing a deal to raise $400 million in a funding round that would value the company at around $8.4 billion. Goldman Sachs and Abu Dhabi Investment Authority are said to have already agreed to invest in the round, along with other firms. Founded in 2006, the service had roughly 15 million subscribers and 60 million active users at the end of last year.