Spotify Closes New $100 Million Funding Round, U.S. Launch Nears
Date: Friday, June 17, 2011 @ 22:11:11 UTC

Spotify has closed another round of funding totalling $100 million based on a $1 billion valuation. (By comparison, Pandora's IPO this week valued the streaming music service at over $2 billion.) Spotify has been working on this deal for more than 6 months and in the end investors DST, Kleiner Perkins and Accel stepped up, according to Peter Kafka of AllThingsD. The timing could be further proof that insiders know that rising rumors of a July launch are true. Complete Article

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