Spotify To Raise About $100 Million At A $1 Billion Valuation [RUMOR]

Music streaming service Spotify is planning to raise a $100 million round of funding at a $1 billion valuation very soon. DST and Kleiner Perkins are believed to be involved in this round. Thus far Spotify has raised a total of €82.3 million. Spotify is expected to launch in the U.S. very soon as they are negotiating deals with music labels. [AllThingsD]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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