Kobalt Secures $14 Million

Digital media startup Kobalt announced the completion of $14 million in Series D financing led by Section 32 and Hearst Ventures. Balderton Capital and MSD Capital also participated.

Kobalt’s Music Publishing, Label Services, and Neighbouring Rights divisions all offer a modern alternative to the traditional music business model, empowering creators with transparency, flexibility, ownership and control. With more than 275 employees in offices around the world, it represents more than 8,000 artists and songwriters, 600,000 songs, and 450 publishing companies, providing them with real-time, powerful, transparent reporting through the Kobalt Portal. Kobalt also services its clients with global licensing management, works and rights distribution, royalty collection and processing, online data and royalty statements, creative services, synch and brand partnerships, record release management, and digital marketing.