Spotify, a Sweden-based music streaming service, is reported in Reuters, the Wall Street Journal and elsewhere to have raised $250m in an F series funding round provided entirely by venture capital firm Technology Crossover Ventures, at a valuation of over $4bn.
Spotify has now raised $538m, its previous round being in November 2012 when Goldman Sachs led a $100m series E round with participation from existing investor, venture capital firm Kleiner Perkins Caufield & Byers and Accel Partners, a global venture and growth equity firm, Coca-Cola, investment company Digital Sky Technologies and Fidelity Investments, a multinational financial services corporation.
Spotify was founded in 2006.