As rumours go, this one is fairly detail-free: Swedish news site Dagens Industri claims Spotify is considering raising more money, but possibly through issuing debt rather than giving up more equity in the company. The report also claims that Spotify’s valuation may have climbed to around SEK 35bn ($5.2bn). Should the report be a surprise? Not really, despite that reportedly-$100m funding round in November last year. Spotify’s recently-published financial results for 2012 revealed revenues of $577.1m and a net loss of $77.9m for that year. With 70% of its revenues paid to rightsholders and the expectation that these payments will top $500m for 2013, a new funding round is clearly a ‘when not if’ question. The financial results spelled this out: “We cannot exclude the need or desire to raise more funds in the future to fund future growth initiatives.”
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Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…