Spotify made a “passive minority investment” in DistroKid back in 2018, but didn’t disclose the size of the investment at the time. SPOT’s new filing reveals that its stake in Distrokid was worth €16 million ($18.5m) in January 2020, which then increased to €49 million ($57m) by January 2021.
Source: Spotify offloads two thirds of its stake in DistroKid for $167m