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The new investment was led by US firms Kleiner Perkins Caufield & Byers (KPCB) and Institutional Venture Partners, with the UK's DN Capital.

The company said the money would support the company’s growth, continued mobile development and expansion into television.

Networks such as NBC Universal and MTV have worked with Shazam to incorporate its TV services into their shows during the past year.

According to Shazam, it now has almost 150 million users of its services and has targeted 250 million users within two years.

Matt Murphy, partner at KPCB, said: "Shazam has experienced incredible growth over the last year and established itself as the ultimate mobile app for media discovery and interaction."

Shazam launched nine years ago to help users find the name of a song and its artist by holding their mobile phone up to the speaker playing the track. It now has 100 employees in London and California.

Two of the investors have previously put money into Shazam – KPCB made an undisclosed investment in October 2009, joining Acacia Capital and DN Capital, who had previously pumped undisclosed amounts of money into the company.

with the purchase of the Synchronized Lyrics technology from Silicon Valley firm Tunezee.

Shazam immediately launched Shazam LyricPlay, a feature on its Encore premium app that allows users to view lyrics synchronized in real time with their music.

LyricPlay follows the release of Shazam Friends for iOS and Android, a real-time feed of songs that Facebook friends have tagged and shared with others.

Andrew Fisher, chief executive of Shazam, said: "Our expansion into television is a natural evolution of our technology and we are excited to have delivered the same powerful discovery experience for broadcasting and advertising that people have always loved with music.

"Our size and growth is unparalleled in the industry and gives our network and brand partners reach not available with anyone else.

"This investment will support our continued growth, both organically and through acquisition, as well as the ongoing development of new features and products, keeping us at the forefront of innovation."