Just a day after Apple announced that it'd be launching its own streaming service - Apple Music, on 30th June - Spotify closed a new round of funding, securing $526 million.

In April, it was reported that Spotify was nearing its goal of raising $400 million, with the company then valued at $8 billion. That figure has now risen to $8.53 billion.

Investors this time around include Canadian hedge funds Senvest Capital and Discovery Capital Management; British asset managers Baillie Gifford, Landsdowne Partners and Rinkelberg Capital; as well as Nordic Telecom operator TeliaSonera, who invested $115 million for a 1.4% stake in Spotify. In addition, a joint TeliaSonera-Spotify team will be tasked with media distribution, customer insights, data analytics and advertising.

On the collaboration, Spotify CEO Daniel Ek (pictured above) said: "We have a long and great relationship with TeliaSonera and I'm pleased we're able to take this to the next level together with this strategic partnership."

Johan Dennelind (president and CEO, TeliaSonera) also commented on the mini-merger: "We've set-out to create a New Generation Telco where innovation is key to our success. Spotify is a great company, loved by customers and with a world class take on innovation I'm excited to join Spotify’s journey as investor and key partner."