Shazam, maker of the popular app for identifying songs, announced today that it has raised $30 million in new funding, bringing its total valuation to more than $1 billion.
The newly minted “unicorn” isn’t disclosing this round’s investors, although executive chairman Andrew Fisher told the Wall Street Journal that they have purchased just under three percent of the company’s equity, and have not previously invested in Shazam.
Back in August, Shazam announced it had reached 100 million monthly active users.
Shazam was founded in 2002 by Chris Barton, Philip Inghelbrecht, Dhiraj Mukherjee, and Avery Wang, and is based in London, U.K. The company raised $20 million at a valuation of $500 million last March.
Shazam Entertainment provides mobile music discovery services. It offers music recognition technology that enables consumers to experience and share music with others across mobile devices a... All Shazam news »