Goldman Sachs gives Spotify its mixtape. And by mixtape, we mean a suitcase with $350m in it
Spotify has reportedly raised $350m in a new round of funding that puts an $8bn valuation on the London-headquartered company.
The bulk of the money, according to CNBC citing "people familiar with the matter," came from clients of Goldman Sachs; the financial giant was hired to find sugar daddies for the website. The valuation puts the music streaming service at twice the capitalization of its nearest rival, Pandora.