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nxpi mean service spotify is hearing every start ups favorite sound pitching , its latest attempt to raise cash values the company at almost eight and a half billion dollars the wall street journal report spotify raised four hundred million from goldman sachs in abu dhabi's sovereign wealth fund spotify was valued at five billion in september already making it worth more than rival pandora this latest funding round comes close to doubling that earlier this year spotify said it has about forty five million free subscribers and fifteen million who pay about ten bucks a month to stream without ads the company faces some big challenges it's still not making a profit and a host of new competitors want to eat spotify eyes lunch from apple and google even rapper jay z. with his just relaunch service title no word on the possibility of an upcoming i. p. o. for spotify