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# Spotify To Add $400M At $8.4B Valuation In 7th Round, Unveils “Tweet The Beat” Twitter Spam Feature
- URL: https://www.hypebot.com/spotify-to-add-400m-at-84b-valuation-in-7th-round-unveils-tweet-the-beat-twitter-spam-feature/
- Published: 2015-04-13T11:59:00.000Z
- Updated: 2015-04-13T11:59:00.000Z
- Description: Spotify is smartly going back to the funding well prior to the launch of Apple's new music service. But does this $400 million round signal a perennially unprofitable company, and is. Continue reading [https://www.hypebot.com/hypebot/2015/04/spotify-to-add-400m-at-84b-valuation-in-7th-round-unveils-
- Author: Bruce Houghton
- Tags: Music Tech, Streaming, Abu Dhabi, Apple Inc., Goldman Sachs, IPhone, Jay-Z, List of online music databases, Market capitalization, Spotify, The Wall Street Journal, Venture capital, #wp, #wp-post, #Import 2026-01-21 10:28

**[![Spotify logo](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d101e43a970c-115wi "Spotify logo")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d101e43a970c-popup?ref=hypebot.com)Spotify** is smartly going back to the funding well prior to the launch of **Apple's new music service**. But does this **$400 million round** signal a perennially unprofitable company, and is a new **$8.4 billion valuation** justified?

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Spotify is close to raising its seventh round of funding, according to the [Wall Street Journal](http://www.wsj.com/article%5Femail/spotify-nears-deal-to-raise-400-million-at-8-4-billion-valuation-1428700668-lMyQjAxMTE1NDEzMDkxMTA2Wj?ref=hypebot.com). This time Spotify will add $400 million to its war chest at a valuation of $8.4 billion a value twice that of Pandora.Previous investors Goldman Sachs and the Abu Dhabi Sovereign Wealth Fund are leading the new round, but other major investors are also expected to join in. [![Twitter_logo_blue](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c7785ec5970b-150wi "Twitter_logo_blue")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c7785ec5970b-popup?ref=hypebot.com)"Tweet The Beat" Or Twitter Spam?Over the weekend, Spotify began testing a new and rather obtrusive "Tweet the Beat" feature which automatically displays a full screen pop-up with a pre-populated message alongside a button to tweet Rihanna thanking her for her "Bitch Better Have My Money" single. "What you're seeing is a new feature called Tweet the Beat which lets listeners express love and appreciation towards the artists they follow or listen to often, and has been designed as a great way for fans to get closer to their favourite artists," a Spotify spokesperson told [The Verge](http://www.theverge.com/2015/4/13/8398673/spotify-twitter-rihanna-spam-ads?ref=hypebot.com).

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