Spotify co-founders own an estimated $1.8bn stake in company

Spotify‘s co-founders Daniel Ek and Martin Lorentzon will be watching Snapchat (Snap Inc)’s IPO attempt very closely right now.

Spotify is estimated to be valued at around $8bn today.

That’s both the result of impressive scale – after clocking up comfortably in excess of 100m active users since launching in 2008 – and total lifetime funding of over $2bn.

According to new estimates from Equidate and Bloomberg’s Billionaires Index – via Investopedia – the duo who created Spotify currently own more than $1.8bn in shares between them.

Martin Lorentzon reportedly has a $1 billion stake in the streaming service, while Daniel Ek owns an $825 million chunk.

Spotify is focused on executing an IPO next year, having secured a new funding round of $1bn in convertible debt in Q1 from the likes of TPG and Dragoneer.

Spotify had previously raised $1.06bn in seven rounds of investment to date from 26 investors – including the likes of Coca-Cola, Goldman Sachs and Hong Kong-based Li Ka-Shing.

Lorentzon stepped down as Chairman of Spotify  in October, but remains on the company’s board.

As a result, Daniel Ek added to his CEO title by also becoming Chairman of the business.

Snapchat’s market listing could value the company between $20 billion and $25 billion if successful, according to Bloomberg – a 40% jump on its private market valuation.


  • March 2016: $1bn – TPG, Dragoneer and Goldman Sachs
  • June 2015: $526m – Goldman Sachs, TCV, GSV Capital, Rinkelberg Capital, Teliasonera & more
  • November 2013: $250m – Technology Crossover Ventures
  • November 2012*: $100m – AFSquare, The Coca-Cola Company, Fidelity Ventures, Lakestar, Goldman Sachs
  • June 2011: $100m – DST Global, Kleiner Perkins Caulfield & Byers, Accel Partners
  • February 2010: $12.3m – Founders Fund, Sean Parker
  • August 2009: $50m – Li Ka-shing, Horizons Ventures, Wellingtons Partners
  • October 2008: $21.6m – Li Ka-shing, Creandum, Northzone, Horizons Ventures

* An additional funding round is believed to have taken place in 2012 for an undisclosed amount.Music Business Worldwide

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