Around the Net
Google Ventures Funds Music Royalty Platform Kobalt
- Los Angeles Times, Monday, March 2, 2015 10:49 AM
Kobalt has raised a $60 million Series C round led by Google Ventures. The company developed a platform to help music rights holders collect royalties from across digital music services. Michael Dell is also among the investors. Willard Ahdritz, Kobalt’s founder and CEO, plans to use the funding to build the organization, double the tech team to increase our speed, and open two new offices, one in Miami and another in Brazil, to target Latin America. An opening in Southeast Asia is also on the road map.
