TMCnet News
Shazam Announces $30 Million Investment at $1 Billion ValuationShazam® today announced it has closed a $30 million investment valuing the company at over $1 billion. The funding will support Shazam's (News - Alert) continued evolution and rapid growth following a year of user milestones, increased service capabilities and expansion into new market sectors. Andrew Fisher, Executive Chairman said, "This funding reflects the substantial progress we have made in delivering a new paradigm for brands and content owners to increase engagement with their audiences whilst magically connecting people to the world around them. We are delighted to welcome our new investors as we further strengthen our balance sheet and continue to effectively execute on our corporate strategy." Shazam enters 2015 with tremendous momentum:
About Shazam Shazam is one of the world's most popular mobile apps that magically connects people to the world around them. Shazam pioneered audio recognition technology that helps people identify music and has grown into a service that effortlessly connects people with artists, TV shows, ads, cinema, radio and retail environments. Shazam has been downloaded over 500 million times and has over 100 million monthly mobile active users. For further information about Shazam Entertainment visit www.shazam.com and @Shazam.
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