Shazam, the company behind the popular music identification app of the same name, has raised $32 million in new funding led by Kleiner, Perkins Caufield &
Byers and Institutional Venture Partners, and including prior investor DN Capital. The London-based company said the financing will be used to fuel the continued growth and development of music
discovery app as well as Shazam for TV, its initiative to integrate its service with TV content.To date, the company has partnered with networks
including NBCUniversal and MTV on efforts allowing viewers to "Shazam" programming by downloading the app and holding their phone up to the TV to tag specific episodes of shows to get access to
exclusive video, playlists and other content.
Available on the iPhone, Android and other major smartphone platforms, the Shazam apps is closing in on
150 million users and is on pace to reach 250 million with two years. In the last 12 months, the company said the number of people downloading Shazam has doubled each week. Read more here.