Spotify saw a 53% increase in ad revenue year-over-year in Q1 2015, according to internal data at the streaming platform..
2020 is a private fund investing in global consumer technology, media, retail & finance.
Total monthly active users 50 million.
Swedish music-streaming company Spotify AB has secured $250 million in new financing led by Silicon Valley firm Technology Crossover Ventures, valuing the company somewhere "north" of $4 billion dollars, according to multiple people familiar with the deal. The latest round of funding comes as Spotify is looking to fuel its global growth strategy..
The digital music service has added another 1 million subscribers since December, bringing its global total of paying customers to 6 million..