Kobalt Music Group today announced that had raised another $115 million in expansion capital. Recently Michael Dell's MSD Capital had made a $25 million equity investment, The combined total of $140 million in additional capital will allow Kobalt to further accelerate growth.
Kobalt's technology platform allows artists and writers transparent, accurate and timely management of their rights. Clients include Paul McCartney, Disney, Dr. Luke, Max Martin, Dave Grohl, Maroon 5, Skrillex and Ryan Tedder amongst some 2000 others. Kobalt manages the rights of over 600,000 songs.
Existing investors in Kobalt include Balderton Capital, MSD Capital, the private investment firm for Michael Dell, and selected private family offices.