Huge injection coming from VC that also backed Facebook, Groupon and Zynga, say sources.
Influential venture firm DST is said to value Spotify at around $1 billion, and now web speculation by TechCrunch suggests the fund is looking to plough $100m into the streaming music specialist that has already received over $90m.
Naturally, any new funding will heat up speculation that Spotify is set to launch in the US.
The will-they-won't-they nature of this story has been running for months, and it seemed a deal was imminent a month ago although that was scuppered by label royalty issues and nervousness about the ad-funded component.
Now, with Apple’s subscription plans accelerating, there may be renewed hope of a result.
More than 750,000 people are now paying to use streaming music service Spotify in Europe, according to CEO Daniel Ek.
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