Spotify Valued at $8bn

CNBC is reporting that Spotify, a music streaming service, raised $350m at a $8bn valuation.  This comes after the WSJ said the company was raising $400m at a $8.4bn valuation on April 10, 2015.  Spotify’s last fundraise in November 2013 valued the company at $4bn.

Spotify is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 104 companies organized by investment theme.