Indie Labels

Kobalt Is Raising Another $100 Million Funding Round

image from musically.comMusic 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.

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