The latest round, a massive $250 million investment from Technology Crossover Ventures, comes just as Spotify was burning its last pile. Earlier, whispers surrounded a round north of $200 million (this looks like it), as well as separate, contingency efforts by founders Daniel Ek and Martin Lorentzon to secure a massive bank loan.
The latest injection now brings Spotify’s total funding level significantly past half-a-billion dollars.
The Wall Street Journal was among the first to report the latest infusion, with few additional details. The development comes just as Deezer has officially confirmed its planned entrance into the US, first reported by Digital Music News earlier this month.
More as it develops!