Spotify seeks £30m investment

Streaming music service Spotify is seeking investment of up to £30m, according to reports.

Spotify-logo_75x75.jpg

Spotify, which has added more than 2m users in the UK since its launch in October, is valuing itself at close to £200m, The Times has reported.

Spotify raised €15.3m (£13.3m) in October from VCs Northzone Venture Partners and Creandum.

Last week Spotify signed a deal with Random House to allow users to stream a free audiobook – Free, the novel by Wired editor Chris Anderson (nma 2 July 2009).

This story first appeared on newmediaage.co.uk

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