April 13, 2015 at 15:47Streaming music service Spotify estimated at $ 8.4 billion
Spotify's music service is gearing up to get $ 400 million from Goldman Sachs, Abu Dhabi's National Wealth Fund and several other sources. After the next stage of financing, the service will be valued at $ 8.4 billion, according to the Wall Street Journal .
The Swedish Spotify service has been offering legal music streaming since 2008. The service makes money on paid subscriptions of users: a paid account allows you to listen to music in high quality without advertising and restrictions.
Raising $ 400 million in funding will raise the company’s value to $ 8.4 billion, while Pandora's streaming service is valued at $ 3.5 billion.
Spotify needs development to deal with new competitors. According to rumors, Apple will launchmusic service Beats , and rapper Jay Z resumed work Tidal .
The Wall Street Journal and the Dow Jones VentureSource have already updated the ranking of the largest high-tech startups. The total amount of investments attracted as a result of seven stages amounted to $ 921 million, the company's value was estimated at $ 8.4 billion.
The company invested in: Abu Dhabi Investment Council, Accel Partners, Coca-Cola, Creandum, Digital Sky Technologies, Fidelity Investments, Founders Fund, Goldman Sachs Group, Kleiner Perkins Caufield & Byers, Li Ka Shing Foundation, Northzone Ventures, TCMI, Wellington Partners .
The Swedish Spotify service has been offering legal music streaming since 2008. The service makes money on paid subscriptions of users: a paid account allows you to listen to music in high quality without advertising and restrictions.
Raising $ 400 million in funding will raise the company’s value to $ 8.4 billion, while Pandora's streaming service is valued at $ 3.5 billion.
Spotify needs development to deal with new competitors. According to rumors, Apple will launchmusic service Beats , and rapper Jay Z resumed work Tidal .
The Wall Street Journal and the Dow Jones VentureSource have already updated the ranking of the largest high-tech startups. The total amount of investments attracted as a result of seven stages amounted to $ 921 million, the company's value was estimated at $ 8.4 billion.
The company invested in: Abu Dhabi Investment Council, Accel Partners, Coca-Cola, Creandum, Digital Sky Technologies, Fidelity Investments, Founders Fund, Goldman Sachs Group, Kleiner Perkins Caufield & Byers, Li Ka Shing Foundation, Northzone Ventures, TCMI, Wellington Partners .