Music services and music publishing company Kobalt is raising a new round of funding that could top $100 million. The new funding comes just a year after Kobalt closed a round that valued the company at $800 million.
Kobalt founder and CEO Willard Ahdritz has confirmed the round, without divulging financial targets.
Kobalt divisions include Kobalt Music Publishing; Kobalt Neighboring Rights and the record label and label services company AWAL. Kobalt says it invested $150 million last year to expand AWAL and the collection agency that Kobalt acquired in 2015, AMRA.
Kobalt also oversees Kobalt Capital, a fund managed by KMG.