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Shazam raises $30m to take valuation over $1bn

Shazam, maker of the popular app for identifying songs, announced today that it has raised $30m in new funding, bringing its total valuation to more than $1bn.

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.

Shazam’s growth

In addition to identifying music tracks, Shazam is now integrated into iOS, recognizes TV shows, has a Mac desktop appSpotify integration, and more.

Back in August, the UK-based company 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. The company raised $20 million at a valuation of $500 million last March.