Spotify Valued at $4 Billion

Has reportedly secured $250 million in new financing

Spotify may be the latest startup to join the $4 billion valuation club.

The music streaming company has reportedly secured $250 million in new financing, valuing it at more than $4 billion, according to The Wall Street Journal. Spotify previously raised $100 million almost exactly a year ago at a $3 billion valuation.

Spotify declined to comment on the report.