Wow. Spotify has snagged a seriously large amount of cash from DST, the venture capital outfit that has backed Facebook and Groupon among others. The injection of funds is reported to value the streaming music service at almost $1bn.
The investment round is reported to be for more than $100m but numbers rumoured in these cases are often wide of the mark and subject to gossip from interested parties. Still, the DST investment suggests Spotify is on track to launch Spotify US and that the all important deals with the record labels are close to completition. We’d like Spotify everywhere worldwide please. Thanks awfully…
Out now | £free | Spotify
