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New Investors Line Up To Give Spotify Another $400 Million

(Hypebot) – A list of top global investors is emerging as Spotify continues late stage talks to reap an additional $400 million in funding at a valuation of $8.4 billion. It's no coincidence that Spotify wants to complete this round prior to the June launch of Apple's streaming music service.

Global investment groups are lining up to buy a stake in Spotify. The investments will range from tens of millions of dollars, up to $100 million worth of stock, according to insiders.

According to Sky News, new investors in late stage talks with Spotify include:

•London based hedge fund Lansdowne Partners
•Abu Dhabi Investment Council
•Baillie Gifford
•DE Shaw
•Discovery Capital Management
•Halcyon Asset Management
•Rinkelberg Capital
•Senvest Capital

Existing investors participating in the new funding round include Goldman Sachs' GSV and Technology Crossover Ventures. Prior to this round, Spotify has received $537.8 Million in 7 rounds from 17 investors.