Streaming music service Spotify is currently seeking a new mega-round of funding that could more than triple the startup’s current valuation, according to a New York Times report.
Spotify was previously estimated to hold a $1 billion valuation after closing a $100 million round in June 2011. The new funding round, which we first reported rumors of back in March, could end up being as high as $220 million, pushing the music startup’s valuation up to $4 billion. The startup may take several weeks to close the new round.
