The race for streaming supremacy continues to get more and more challenging. A day after the announcement of Apple Music, Spotify has just closed funding on an additional $526 million fundraising round valuing the company at over $8 billion. The deal was reported earlier in the week by the Wall Street Journal and officially closed as of Tuesday.
Time will tell who will win but this certainly gives Spotify a heck of a lot of ammunition as it continues to grow its brand to be one of the leaders in the industry.
