Spotify Joins Billion Dollar Club With $100 Million Investment

Posted: Jun 17 2011, 2:41pm CDT | by , in News | Technology News

 
Spotify joins Billion Dollar Club with $100 Million Investment

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US launch is closer than ever.

Spotify is now in fast forward mode. For years Spotify, provider of an all you can eat streaming music service, was only available in a select European countries. Spotify has now joined the startups that have a valuation of a Billion Dollars or more. According to AllThingsD, Spotify raised $100 million from DST, Kleiner Perkins and Accel. These VCs do not invest if Spotify is not basically ready to launch in the United States. The high profile investment also gives the rumor that Spotify will be available on Facebook a lot more credibility.

If Spotify gets distributed through the Facebook platform it will be able to bother Apple and Amazon.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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