It wasn’t a rumor: according to details confirmed this morning by CNBC, Spotify has now successfully raised a Series E of approximately $350 million.  The round, led by Goldman Sachs, pushes Spotify’s total funding close to $900 million, and values the company north of $8 billion.

Spotify is currently losing hundreds of millions annually, does not have a concrete path towards profitability, has no known or interested buyers, or any plan for a Wall Street IPO.  It does however have 15 million paying subscribers, though that number is far too low to sustain the business on its own. [Digital Music News]