Spotify Raising $1bn Round

Spotify, the music streaming service, is reportedly raising $1bn in a debt financing round from TPG, Dragoneer and Goldman Sachs.  Spotify last raised $526m at a $8.53bn valuation in June of 2015. Investors in the company include Accel, Discovery Capital, Founders Fund, GSV Capital and TCV.

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 101 companies organized by investment theme.