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# Spotify sells 2/3rds of its DistroKid shares for $167M
- URL: https://www.hypebot.com/spotify-sells-2-3rds-of-its-distrokid-shares-for-167m/
- Published: 2021-10-27T14:22:15.000Z
- Updated: 2021-10-27T14:22:54.000Z
- Description: Spotify has sold 2/3rds of its investment in D.I.Y. music distributor DistroKid for $153 million. That’s a 13X return on investment in just the last 20 months. Today’s Spotify financial. Continue reading [https://www.hypebot.com/hypebot/2021/10/spotify-sells-2-3rds-of-its-distrokid-shares-for-167m.h
- Author: Bruce Houghton
- Tags: DIY Advice & Tips, Music Tech, Startups & Funding, Streaming, #wp, #wp-post, #Import 2026-01-21 09:48

Spotify has sold 2/3rds of its investment in D.I.Y. music distributor DistroKid for $153 million. That’s a 13X return on investment in just the last 20 months.

Today’s [Spotify financial filing](https://www.hypebot.com/spotify-passes-381m-monthly-users-as-subscribers-grow-19/) revealed that its stake in Distrokid was worth $18.5 million USD in January 2020 and increased to $57 million by January 2021.

![](https://storage.ghost.io/c/3a/95/3a957c06-c825-4057-9939-0a274cc16d23/content/images/spcdn-shortpixel-ai/spio/ret_img-q_cdnize/www-hypebot-com/wp-content/uploads/2021/04/spotify_ipo_ringer-0.jpg)

By October 1 of this year when Spotify sold two-thirds of its DistroKid shares for $167 million, the total value of Spotify’s initial investment had risen 13X to $238 million.

Flat fee DIY distributor[ DistroKid](https://distrokid.com/?ref=hypebot.com) serves more than 2 million artists and claims to handle one-third of the new music uploaded to DSPs daily. But the real confirmation of its financial value came this August when [Insight Partners made a new investment in DistroKid at a valuation of $1.3 billion](https://www.hypebot.com/distrokid-valued-at-1-3b-with-2-million-artists-served/).

#### MORE: [Spotify has 381M monthly users as subscribers grow 19% in strong Q3 2021](https://www.hypebot.com/spotify-passes-381m-monthly-users-as-subscribers-grow-19/)

**Bruce Houghton* is Founder and Editor of [Hypebot](https://www.hypebot.com/) and [MusicThinkTank](http://www.musicthinktank.com/?ref=hypebot.com) and serves as a Senior Advisor to [Bandsintown](https://www.bandsintown.com/?ref=hypebot.com) which acquired both publications in 2019\. He is the Founder and President of the[ Skyline Artists Agency](https://skylineonline.com/?ref=hypebot.com) and a professor for the [Berklee College Of Music](https://online.berklee.edu/courses/touring-101?ref=hypebot.com)*.