Powered by

Retiring backers pump another $30M into Shazam

Jan 21, 2015 - The Deal Pipeline

British music-discovery app maker Shazam Entertainment Ltd. announced a $30 million investment round on Wednesday that it said valued the company at $1 billion, but stopped short of setting out a timetable for its long-anticipated initial public offering.

The company has previously received funding from British venture investor DN Capital, Carlos Slim's América Móvil SAB de CVand San Francisco's Kleiner Perkins Caufield & Byers. It said none of its existing backers were reinvesting i...