SHARE

Spotify Raises £61m Ahead Of US Launch

The London-based music streaming service has raised £61m in a funding round which values the company at £618.9m. Spotify currently has more than six million users in the UK and Europe, more than one million of whom pay the monthly subscription. The funding is thought to come ahead of a US roll-out.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.