Luxembourg – Spotify, the European streaming music service
gearing up for its U.S. launch, has closed a new round of funding led by
Founders Fund, TechCrunch reported, citing multiple unnamed sources.
Founded in
2007, Spotify operates a "freemium" streaming music service in
several European countries, where listeners may choose a free, ad-supported
version or pay for a premium, ad-free experience.
TechCrunch did not report the
amount of the investment, but noted that the money might not be as valuable as the
contacts that Founders Found could provide to help Spotify with its impending
launch in the U.S.
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