June 24, 2017 6:50 am

Today’s Tech Funding News Brief

Spotify Closes $526M Funding Round As The Fight With Apple Escalates

All ears may have been tuned in on Apple’s announced music-streaming service this week, but Spotify is stepping up its game thanks to a fresh $526 million funding round, according to a Wall Street Journal report, valuing the company at $8.53 billion.

This effectively doubles Spotify’s total funding since its inception in 2006, as it has now raised north of $1 billion.

 

Surgo Group Defines Web Enhancement And Raises Capital Along The Way

Surgo Group, a global leader in custom-tailored digital marketing and visibility solutions has raised $11.5 million in financing to to fund global growth opportunities.  The company acts as an online marketing partner, fully implementing and executing cross-platform digital initiatives into an organization’s marketing and sales strategy. The valuation is estimated currently in the range of $100M-$130M.

Surgo Group is initiating several product launches in 2016 which will aid in continuing to provide innovative solutions across sectors.

 

Volta Wants To Run Ads With Your Electric Call – And It Just Raised $7.5M

Volta, a startup that has over 100 free electric car charging stations in five cities, announced today that it raised $4.5 million in a series A round led by Three Bridges Ventures, and $3million in financing from SQN Capital. In total, the Honolulu-founded company has raised $12.5 million.

Volta said that the funding will be used to open 400 new charging stations in other major cities.

 

Will Lattice Engines Funding Hand Sales Teams A Crystal Ball?

Lead scoring companies like Lattice Engines, which use past behavioral and other data to predict future actions, have been trying to grant that wish. Today, the San Mateo, California-based company is announcing a new funding round of $28 million so it can grow its predictive powers.

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