Kobalt, an independent music services company built for artists, songwriters, publishers and labels, raised $14m in Series D funding.
The round, which brings total amount raised by the company to $89M, was led by Bill Maris’ Section 32. Maris has also joined Kobalt Music’s board of directors.
Led by Willard Ahdritz, Founder & CEO, Kobalt provides a global technology platform to track and collect royalties for the billions of micro-payments per song in digital music today. The company offers its clients a variety of services, including creative services, synch & brand partnerships, global licensing management, neighboring rights, works and rights distribution, royalty collection and processing, the Kobalt and AWAL Portals and Apps, YouTube monetization, record release management, digital distribution, and marketing.
Its Music Publishing, Neighbouring Rights, and Recordings/AWAL divisions serve over 25,000 songwriters, 600 publishers, and 20,000 independent artists, including The Chainsmokers, Kelly Clarkson, Miles Davis, Dave Grohl, Dr Luke, Zayn Malik, Max Martin, Paul McCartney, Stevie Nicks, Pitbull, Elvis Presley, Skrillex, Sam Smith, and more.
Kobalt has offices in London, USA, Atlanta, Berlin, Hong Kong, Miami, Nashville, Stockholm, and Sidney.