Hearst and Alphabet-backed music services group Kobalt is gearing up to raise its largest funding round to date, in a deal potentially sized at more than $100m.
Kobalt Music Group, a US-based music services provider backed by media group Hearst and internet technology conglomerate Alphabet, is in the process of raising a series E round, Music Business Worldwide has reported.
The company has approached investment banks to help raise the round, which is expected to be its largest to date sources told MBW. The company confirmed it is raising capital but did not reveal a prospective amount.
Founded in 2000, Kobalt provides services such as royalty collections,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
