Spotify Raised Over Half A Billion Dollars in Latest Round of Funding

The announcement of Apple’s streaming service may have been making headlines all throughout the

By HB Team
Music 
53 Hypes 0 Comments

The announcement of Apple’s streaming service may have been making headlines all throughout the entire week, but the current reigning champion of streaming, Spotify, is still on a notable rise. Right after Apple’s declaration, Spotify was reported to have raised $526 million in its latest round of funding — $126 million above their $400 million goal — and the company is now valued at $8.53 billion. The list of investors include British asset managers Baillie Gifford, Landsdowne Partners and Rinkelberg Capital, Canadian hedge funds Senvest Capital and Discovery Capital Management, and also Nordic Telecom operator TeliaSonera. Users have also seen a drastic increase: it has grown from 10 million paying subscribers and 40 million active users in May 2014 to over 20 million subscribers and 75 million active users a year later. We’re keen to see Apple Music’s affect this after its June 30 launch.

Read Full Article

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

101 Users Online

What to Read Next

Ol' Dirty Bastard and The Muppets Mashup On "Shimmy Shimmy Ya"
Music 

Ol' Dirty Bastard and The Muppets Mashup On "Shimmy Shimmy Ya"

Wu-Tang Clan legend Ol’ Dirty Bastard and The Muppets have collaborated for a mashup, thanks to

New Balance 997 "Pumice Stone"
Footwear

New Balance 997 "Pumice Stone"

New Balance releases the light gray 997 “Pumice Stone.”

'ReBoot' Is Officially Set for a TV Remake With 26 New Episodes
Entertainment

'ReBoot' Is Officially Set for a TV Remake With 26 New Episodes

‘ReBoot’ remake ‘ReBoot: The Guardian Code’ will be released with 26 brand new episodes.


visvim 2015 Summer DOVER STREET MARKET GINZA Exclusive FBT
Footwear

visvim 2015 Summer DOVER STREET MARKET GINZA Exclusive FBT

visvim partners with DOVER STREET MARKET GINZA for an exclusive 2015 summer release of two FBT sneakers.

2016 BMW 7-Series And M Sport
Automotive

2016 BMW 7-Series And M Sport

The German automobile company unveils its new lineup of 7-Series luxury sedans and its M Sport variant

Watch Marina And The Diamonds Perform an Acoustic Version of “Happy”
Music 

Watch Marina And The Diamonds Perform an Acoustic Version of “Happy”

Acoustic performances always depict a more intimate side of an artist that audiences may not be as

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.

Help Support Us

We need ads to keep the lights on and to continue providing free news to our readers. We’d appreciate your support by whitelisting HYPEBEAST on your ad blocker. That way you can keep reading all the great stories for free.

If you have already whitelisted us, simply refresh this page. To find out how to whitelist us, click the button below.

Back

Add Us to Whitelist

We appreciate your support in allowing HYPEBEAST ads. Most ad blockers have similar whitelisting steps and settings. If you need assistance, please contact us.

Adblock Plus

  1. Click on the red ABP icon in the upper right corner of your browser.
  2. Click “Enabled on this site” to disable ad blocking for the current site. In Firefox click “disable on HYPEBEAST”.
  3. Refresh the HYPEBEAST page that you were viewing.

Adblock

  1. Click the AdBlock hand icon.
  2. Click “Don’t run on pages on this domain”.
  3. A new “Don’t run AdBlock on…” dialog may be displayed in the middle of the screen.
  4. Move the “Site” slider to the right. After that, click “Exclude”.
  5. Refresh the HYPEBEAST page that you were viewing.

uBlock

  1. Click the uBlock icon.
  2. Click the large blue “power” button in the menu that appears to whitelist the current website.
  3. Reload the HYPEBEAST page that you were viewing.

Firefox Browser

Firefox Tracking Protection may activate our whitelist notice, which can be disabled temporarily for a browsing session by clicking the shield icon in the URL bar and following the instructions.

Disconnect

  1. Click the Disconnect icon.
  2. Click “Whitelist site”.
  3. Refresh the HYPEBEAST page that you were viewing.