Spotify received SEK 1.7 billion in its latest investor round and is now focusing on getting into Japan.
Spotify received 250 million U.S. dollars, equivalent to 1.7 billion, in its latest attempt to attract more capital, reports the Wall Street Journal.
The magazine also stated that Spotify valued at over $ 4 billion, over 26 billion, and refer to multiple sources “close” the latest financing round.
The new money, the company will use for its expansion, particularly in Japan. Spotify is already available in 32 countries. But not in Japan and not in China or South Korea.
If we think it would be easier to achieve our goals through a börnotering, we will obviously consider it, “said the company’s CEO Daniel Ek to the Wall Street Journal.
He also says that the transition from the number of free customers to paying is “relatively large.”
Spotify’s website states that the company has over 24 million customers, including over 6 million are reported to be paying.
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