Kobalt Tunes Into $60M Led By Google Ventures For Its Music Rights Collection Platform


The rise of digital music services has had some musicians up in arms over the way (and how much) they are paid. Now a startup that has built a better way to track this is stepping up its role in the game. Kobalt — which has developed platform to help music rights holders collect royalties more efficiently from across different digital music services — has raised a $60 million Series C round led by Google Ventures. Willard Ahdritz, Kobalt’s Swedish founder and CEO, says the funding will be used “to scale the organization, double the tech team to increase our speed”, as well as some “traditional expansion” — opening two new offices in Miami and Brazil to target Latin America, and opening an office in South East Asia.

Ahdritz tells me that Kobalt, which has offices in London and New York, has not been short of funding offers in the last year, pointing out that the company’s…

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