Spotify hopes to expand to Latin America and Eastern Europe next year
According to Billboard Biz, Spotify is closing in on $100 million in funds raised for expansion. With that money, the streaming service hopes to open in Latin America and farther across Europe in 2013.
At present, Spotify is still a private company, owned by its original co-founder Daniel Ek. Ek says that the company's primary focus for now is global expansion as opposed to seeking buyers or going public.