London - Spotify, a Swedish firm developing an ad-supported digital music service that will reportedly stream songs via encrypted peer-to-peer technology, has raised over $21 million in funding from investors including Northzone Venture Partners, TechCrunch UK reported.

The company's service is currently in private beta.

Related Links:
http://uk.techcrunch.com/2008/10/02/spotify/

http://unclecj.blogspot.com/2008/09/sleepless-with-spotify.html

http://www.spotify.com