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Shazam Raises Another $30 Million

Music discovery firm Shazam has taken in a new round of financing, scooping up $30 million of investment — in a deal which values the business at more than $1 billion, it said yesterday. The investors in the round are not being disclosed but at least some are new to the business, and Chairman Andrew Fischer told Bloomberg that “a couple of billionaires” participated in its latest financing. Shazam‘s prior investors include DN Capital and KPCB. The London-based company has branched out from music discovery in recent years, and now self describes as a media engagement business — expanding into TV show and ad tagging as it seeks to grow beyond its audio recognition roots.

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