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Spotify secures $100 million investment

20 Nov 2012 12:00 AM | Anonymous

Spotify has secured funding of $100 million from Goldman Sachs, Coca-Colam, and Fidelity Investments.

Total revenue raised by Spotify has now reached $288 million despite the company posting a loss of €45 million in 2011.

Along with a loss making model Spotify is facing renewed competition from rivals including French based Deezer who managed to secure funding of $130 million within last month.

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