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Shazam closes $30m investment to expand ‘Shazamable’

Andrew Fisher

Andrew Fisher

Shazam, creator of one of the world’s most popular mobile apps, has closed a $30 million investment at $1b valuation to support its continued evolution and growth

2014 saw Shazam increase service capabilities and expand into new market sectors.

“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,” explains Andrew Fisher, Executive Chairman. “We are delighted to welcome our new investors as we further strengthen our balance sheet and continue to effectively execute on our corporate strategy.”

Rich Riley, CEO, says Shazam is looking to build on its strength in music and “increase the universe of what is Shazamable.”

Discover the future of multi-platform apps at Apps World (12-13 Nov 2014, ExCel, London)

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