The streaming music service Spotify has raised $350 million in a new round of funding, CNBC reports

Bloomberg first reported that Spotify was in the process of raising new financing on April 11th. The new valuation of $8 billion is double what the company was worth the last time it raised money at the end of 2013. Investors in the latest round reportedly includes Goldman Sachs Group and an Abu Dhabi sovereign wealth fund. 

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