Spotify Technology S.A. is a Swedish audio streaming and media services provider offering music, podcasts, and audiobooks through a freemium subscription model. Founded in 2006 by Daniel Ek and Martin Lorentzon, Spotify operates as the world's largest music streaming platform with over 761 million monthly active users including 293 million premium subscribers as of early 2026. The company went public via direct listing on the NYSE in April 2018 and is headquartered in Stockholm, Sweden.
Spotify is publicly traded
Listed directly on April 3, 2018
This company is no longer available on our private secondary market. Shares can be traded publicly under SPOT.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2006
Employees
7,000–7,500
Total Funding
$3.06B
9 rounds
Last Private Valuation
$8.53B
December 8, 2017
Total raised $3.06B across 9 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series G
Date
June 10, 2015
Amount
$526M
Valuation
$8.53B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| December 8, 2017 | Strategic equity swap | $1B | — | Tencent |
| April 1, 2016 | Convertible note | $1B | — | TPG, Dragoneer Investment Group |
| June 10, 2015 | Series G | $526M | $8.53B | Not disclosed |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Series B
$0.3B
Aug 2009
Spotify today
$8.5B
Jun 2015 · latest mark
Spotify multiple
34.1x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Daniel Ek
Co-founder, Executive Chairman
Gustav Söderström
Co-CEO, Chief Product and Technology Officer
Alex Norström
Co-CEO, Chief Business Officer
Martin Lorentzon
Co-founder, Chairman
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Apple Music
Apple's subscription music streaming service with 90+ million songs, exclusive content, and spatial audio features. Second-largest music streaming provider with approximately 12.6% global market share.
Amazon Music
Amazon's music streaming service offering hi-res HD/Ultra HD streaming for Amazon Music Unlimited subscribers and discounted pricing for Prime members.
YouTube Music
Google's music streaming platform with vast catalog of songs, videos, and remixes. Third-largest streaming provider with approximately 10.3% global market share.
Tidal
High-fidelity music streaming service emphasizing sound quality with hi-res audio and direct artist payments, paying up to 10% of subscription revenue to top-streamed artists.
Deezer
European music streaming service offering free ad-supported tier, curated playlists, and community features like quizzes.
Yes, Spotify is publicly traded under the ticker symbol SPOT on the NYSE. The company went public in April 3, 2018.
Spotify trades under the ticker symbol SPOT on the NYSE. It began trading in April 3, 2018.
Spotify (SPOT on the NYSE) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker SPOT to place an order.
Spotify went public in April 3, 2018 via direct_listing, with an offering valuation of approximately $8.53B. Spotify Technology S.A. went public via a direct listing on the New York Stock Exchange on April 3, 2018. The company's shares opened at $165.90 per share, 25.7% above the initial reference price of $132.00, giving the company a market capitalization of approximately $29.5 billion. This marked a non-traditional path to going public, as Spotify opted for a direct listing rather than a traditional initial public offering (IPO), allowing existing shareholders to sell shares without underwriter involvement or a traditional lock-up period.
Spotify raised $3.06B across 9 disclosed funding rounds prior to its public listing.
Spotify was co-founded by Daniel Ek, and Martin Lorentzon in 2006.
Spotify is headquartered in Stockholm, Sweden.
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