Shazam Pulls In $40M From America Movil To Take On Latin America

I love this app !


Shazam, best known for its music recognition app and platform which has become a global success, has raised $40 million in new funding from America Movil, the largest wireless carrier in the Americas. It will now pursue a strategic collaboration to push out in Latin America, which involves pre-loading Shazam onto devices. The last funding round for the U.K.-based company was $32 million in 2011 from from DN Capital and Kleiner Perkins Caufield & Byers, who invested back in 2009. AMX is the leading provider of wireless services in Latin America. As of March 31, 2013, it had 262.9 million wireless subscribers and 65.3 million fixed-revenue-generating units in the Americas.

Since 20122 Shazam says its user base has more than doubled to 350 million people and the monthly active users has tripled to over 70 million, with 2 million new users joining each week. Sales of digital goods…

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