The expected $220m round for Spotify follows Korea-based conglomerate Samsung's purchase of its corporate venturing unit's portfolio company MSpot for an undisclosed amount.
Spotify, a social music service, is reportedly seeking to raise upwards of $220m at a $4bn valuation, according to news provider New York Times (NYT), following Samsung’s purchase of a peer.
Investment bank Goldman Sachs has agreed to lead the round with a $100m commitment, NYT said, with other press reports speculating the music company might be planning a flotation.
Spotify previously raised more than $100m from venture capital (VC) firms Creandum, Wellington Partners, Founders Fund, Kleiner Perkins…
