VC-backed music app Shazam scores $20 mln


According to a company spokesperson, music app developer Shazam has raised $20 million from a consortium of private investors. As a result of this new investment, Shazam’s valuation has increased to approximately $500 million. Shazam’s backers include Kleiner Perkins Caufield & Byers, Institutional Venture Partners, DN Capital and Acacia Capital Partners.

Find new deal opportunities, super-charge your fundraising efforts and track top managers with VCJ. Get your FREE trial! Or subscribe now

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.