Spotify is close to closing a $100 million financing round that would value the company at a little more than $3 billion, sources tell The Wall Street Journal.
The capital would come from multiple investors, including Goldman Sachs, although the Journal did not identify who the other investors were.
CNET has contacted Spotify for comment and will update this report when we learn more.
In a funding round last year, the music-streaming service raised about $100 million from venture capital firm Kleiner Perkins Caufield & Byers and Russian investment firm DST Global, to give it a $1 billion valuation. More … Read more