{"id":940,"date":"2009-08-04T16:21:42","date_gmt":"2009-08-04T15:21:42","guid":{"rendered":"http:\/\/routenote.com\/blog\/?p=940"},"modified":"2022-06-09T12:32:03","modified_gmt":"2022-06-09T11:32:03","slug":"spotify-raises-50-million-in-funding-on-a-250-million-valuation","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/","title":{"rendered":"Spotify Raises $50 million in Funding on a $250 million Valuation"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"aligncenter lazyload\" title=\"spotify\" src=\"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2009\/07\/0716_daniel_ek_398x206.jpg\" alt=\"\" width=\"398\" height=\"206\" \/><\/p>\n<p>Has European music startup Spotify finally worked out the online music business? <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/d890cbea-8066-11de-bf04-00144feabdc0.html?nclick_check=1\">Rumors<\/a> surfaced today that the company is raising a new round of financing of $50 million or so, at valuation of $250 million.<\/p>\n<p>The new financing will bring in new \u201cstrategic\u201d investors, which include rights holders in other geographic locations, according to our source. And while new investors are balking at the $250 million valuation, strong demand from venture capitalists is supposedly driving this deal to a close.<\/p>\n<p>The company has yet to launch in the U.S., but boasts 2 million UK users, its biggest market. They are also launched in Germany and Sweden. Users can listen to music for free on a downloaded application with advertising, or pay a premium fee to remove the ads. Some labels are supposedly making more money now from Spotify than iTunes in the markets the service is available.<\/p>\n<p>We have previously reported on the<a href=\"http:\/\/routenote.com\/blog\/spotify-music-streaming-service-to-soon-launch-in-the-us-market\/\" target=\"_self\" rel=\"noopener\"> U.S launch<\/a> as well as their upcoming <a href=\"http:\/\/routenote.com\/blog\/spotify-sends-in-iphone-application-for-apple-to-review\/\" target=\"_self\" rel=\"noopener\">iphone application<\/a>.<\/p>\n<p>Other sources that are confirming the investment include: <a href=\"http:\/\/www.techcrunch.com\/2009\/08\/04\/spotify-closing-new-financing-at-e200-million-valuation-music-labels-already-shareholders\/\" target=\"_blank\" rel=\"noopener\">techcrunch<\/a>, <a href=\"http:\/\/venturebeat.com\/2009\/08\/03\/spotify-close-to-nabbing-another-round-of-investment-from-facebook-backer-li-ka-shing\/\" target=\"_blank\" rel=\"noopener\">venturebeat<\/a>, <a href=\"http:\/\/paidcontent.org\/article\/419-spotify-close-to-getting-between-33-million-and-50-million-in-funding\/\" target=\"_blank\" rel=\"noopener\">paidcontent<\/a>, <a href=\"http:\/\/www.arcticstartup.com\/2009\/07\/08\/spotify-aims-for-e230-million-valuation\/\" target=\"_blank\" rel=\"noopener\">arcticstartup<\/a> and <a href=\"http:\/\/musically.com\/blog\/2009\/07\/06\/reports-claim-spotify-looking-for-new-funding\/\" target=\"_blank\" rel=\"noopener\">musically<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Has European music startup Spotify finally worked out the online music business? Rumors surfaced today that the company is raising a new round of financing of $50 million or so, at valuation of $250 million. The new financing will bring in new \u201cstrategic\u201d investors, which include rights holders in other geographic locations, according to our source. And while new investors are balking at the $250 million valuation, strong demand from venture capitalists is supposedly driving this deal to a close. The company has yet to launch in the U.S., but boasts 2 million UK users, its biggest market. They are&#8230;<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[18,28,79,825,1046],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Spotify Raises $50 million in Funding on a $250 million Valuation - RouteNote Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spotify Raises $50 million in Funding on a $250 million Valuation - RouteNote Blog\" \/>\n<meta property=\"og:description\" content=\"Has European music startup Spotify finally worked out the online music business? Rumors surfaced today that the company is raising a new round of financing of $50 million or so, at valuation of $250 million. The new financing will bring in new \u201cstrategic\u201d investors, which include rights holders in other geographic locations, according to our source. And while new investors are balking at the $250 million valuation, strong demand from venture capitalists is supposedly driving this deal to a close. The company has yet to launch in the U.S., but boasts 2 million UK users, its biggest market. They are...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/\" \/>\n<meta property=\"og:site_name\" content=\"RouteNote Blog\" \/>\n<meta property=\"article:published_time\" content=\"2009-08-04T15:21:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-09T11:32:03+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2009\/07\/0716_daniel_ek_398x206.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"RouteBot\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/routenote.com\/blog\/#organization\",\"name\":\"RouteNote\",\"url\":\"https:\/\/routenote.com\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/routenote.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2020\/11\/routenote-logo.jpg\",\"contentUrl\":\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2020\/11\/routenote-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"RouteNote\"},\"image\":{\"@id\":\"https:\/\/routenote.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/routenote.com\/blog\/#website\",\"url\":\"https:\/\/routenote.com\/blog\/\",\"name\":\"RouteNote Blog\",\"description\":\"The World of Digital Music - Distribution - Stores and Free Music\",\"publisher\":{\"@id\":\"https:\/\/routenote.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/routenote.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2009\/07\/0716_daniel_ek_398x206.jpg\",\"contentUrl\":\"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2009\/07\/0716_daniel_ek_398x206.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#webpage\",\"url\":\"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/\",\"name\":\"Spotify Raises $50 million in Funding on a $250 million Valuation - RouteNote Blog\",\"isPartOf\":{\"@id\":\"https:\/\/routenote.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#primaryimage\"},\"datePublished\":\"2009-08-04T15:21:42+00:00\",\"dateModified\":\"2022-06-09T11:32:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/routenote.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Spotify Raises $50 million in Funding on a $250 million Valuation\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#webpage\"},\"author\":{\"@id\":\"https:\/\/routenote.com\/blog\/#\/schema\/person\/83759dcbb7864667c67cb96a7ec70298\"},\"headline\":\"Spotify Raises $50 million in Funding on a $250 million Valuation\",\"datePublished\":\"2009-08-04T15:21:42+00:00\",\"dateModified\":\"2022-06-09T11:32:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#webpage\"},\"wordCount\":183,\"commentCount\":3,\"publisher\":{\"@id\":\"https:\/\/routenote.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2009\/07\/0716_daniel_ek_398x206.jpg\",\"keywords\":[\"Digital\",\"music\",\"news\",\"spotify\",\"spotify investment\"],\"articleSection\":[\"Digital Music News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/routenote.com\/blog\/#\/schema\/person\/83759dcbb7864667c67cb96a7ec70298\",\"name\":\"RouteBot\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/routenote.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4f18136bcfbe91b7c9fdcbf445328c29?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4f18136bcfbe91b7c9fdcbf445328c29?s=96&d=blank&r=g\",\"caption\":\"RouteBot\"},\"sameAs\":[\"http:\/\/routenote.com\"],\"url\":\"https:\/\/routenote.com\/blog\/author\/routebot\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Spotify Raises $50 million in Funding on a $250 million Valuation - RouteNote Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/","og_locale":"en_US","og_type":"article","og_title":"Spotify Raises $50 million in Funding on a $250 million Valuation - RouteNote Blog","og_description":"Has European music startup Spotify finally worked out the online music business? Rumors surfaced today that the company is raising a new round of financing of $50 million or so, at valuation of $250 million. The new financing will bring in new \u201cstrategic\u201d investors, which include rights holders in other geographic locations, according to our source. And while new investors are balking at the $250 million valuation, strong demand from venture capitalists is supposedly driving this deal to a close. The company has yet to launch in the U.S., but boasts 2 million UK users, its biggest market. They are...","og_url":"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/","og_site_name":"RouteNote Blog","article_published_time":"2009-08-04T15:21:42+00:00","article_modified_time":"2022-06-09T11:32:03+00:00","og_image":[{"url":"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2009\/07\/0716_daniel_ek_398x206.jpg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"RouteBot","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/routenote.com\/blog\/#organization","name":"RouteNote","url":"https:\/\/routenote.com\/blog\/","sameAs":[],"logo":{"@type":"ImageObject","@id":"https:\/\/routenote.com\/blog\/#logo","inLanguage":"en-US","url":"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2020\/11\/routenote-logo.jpg","contentUrl":"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2020\/11\/routenote-logo.jpg","width":1000,"height":1000,"caption":"RouteNote"},"image":{"@id":"https:\/\/routenote.com\/blog\/#logo"}},{"@type":"WebSite","@id":"https:\/\/routenote.com\/blog\/#website","url":"https:\/\/routenote.com\/blog\/","name":"RouteNote Blog","description":"The World of Digital Music - Distribution - Stores and Free Music","publisher":{"@id":"https:\/\/routenote.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/routenote.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#primaryimage","inLanguage":"en-US","url":"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2009\/07\/0716_daniel_ek_398x206.jpg","contentUrl":"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2009\/07\/0716_daniel_ek_398x206.jpg"},{"@type":"WebPage","@id":"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#webpage","url":"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/","name":"Spotify Raises $50 million in Funding on a $250 million Valuation - RouteNote Blog","isPartOf":{"@id":"https:\/\/routenote.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#primaryimage"},"datePublished":"2009-08-04T15:21:42+00:00","dateModified":"2022-06-09T11:32:03+00:00","breadcrumb":{"@id":"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/routenote.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Spotify Raises $50 million in Funding on a $250 million Valuation"}]},{"@type":"Article","@id":"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#article","isPartOf":{"@id":"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#webpage"},"author":{"@id":"https:\/\/routenote.com\/blog\/#\/schema\/person\/83759dcbb7864667c67cb96a7ec70298"},"headline":"Spotify Raises $50 million in Funding on a $250 million Valuation","datePublished":"2009-08-04T15:21:42+00:00","dateModified":"2022-06-09T11:32:03+00:00","mainEntityOfPage":{"@id":"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#webpage"},"wordCount":183,"commentCount":3,"publisher":{"@id":"https:\/\/routenote.com\/blog\/#organization"},"image":{"@id":"https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#primaryimage"},"thumbnailUrl":"http:\/\/routenote.com\/blog\/wp-content\/uploads\/2009\/07\/0716_daniel_ek_398x206.jpg","keywords":["Digital","music","news","spotify","spotify investment"],"articleSection":["Digital Music News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/routenote.com\/blog\/spotify-raises-50-million-in-funding-on-a-250-million-valuation\/#respond"]}]},{"@type":"Person","@id":"https:\/\/routenote.com\/blog\/#\/schema\/person\/83759dcbb7864667c67cb96a7ec70298","name":"RouteBot","image":{"@type":"ImageObject","@id":"https:\/\/routenote.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/4f18136bcfbe91b7c9fdcbf445328c29?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4f18136bcfbe91b7c9fdcbf445328c29?s=96&d=blank&r=g","caption":"RouteBot"},"sameAs":["http:\/\/routenote.com"],"url":"https:\/\/routenote.com\/blog\/author\/routebot\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/posts\/940"}],"collection":[{"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/comments?post=940"}],"version-history":[{"count":0,"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/posts\/940\/revisions"}],"wp:attachment":[{"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/media?parent=940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/categories?post=940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/routenote.com\/blog\/wp-json\/wp\/v2\/tags?post=940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}