New Investors Line Up To Give Spotify Another $400 Million
A list of top global investors is emerging as Spotify continues late stage talks to reap an additional $400 million in funding at a valuation of $8.4 billion. It's no coincidence that Spotify wants to complete this round prior to the June launch of Apple's streaming music service.
Global investment groups are lining up to buy a stake in Spotify. The investments will range from tens of millions of dollars, up to $100 million worth of stock, according to insiders.
According to Sky News, new investors in late stage talks with Spotify include:
- London based hedge fund Lansdowne Partners
- Abu Dhabi Investment Council
- Baillie Gifford
- DE Shaw
- Discovery Capital Management
- Halcyon Asset Management
- Rinkelberg Capital
- Senvest Capital
Existing investors participating in the new funding round include Goldman Sachs' GSV and Technology Crossover Ventures. Prior to this round, Spotify has received $537.8 Million in 7 rounds from 17 investors.