Kobalt Raises Another $14 Million, Names Bill Maris to Board

Kobalt announced today that it has secured another $14 million to its recent Series D round of growth capital, bringing the total to $89 million. Venture capitalist Bill Maris, who led the round, has joined the company’s board of directors.

The Sweden-based music-rights and publishing company, which represents Paul McCartney (pictured), Kelly Clarkson, Dave Grohl, Dr. Luke, The Chainsmokers, the Miles Davis estate and many others, announced in May that it has raised $75 million in growth capital. That Series D round was led by Hearst Entertainment,  with participation from Balderton Capital and MSD Capital.

“Bill is one of the most important investors and leaders in the tech community,” said Kobalt founder and CEO Willard Ahdritz. “Having him join our board is not only a great moment for Kobalt but also for the music industry that needs more tech experience. He’s been with us since 2014 and is now doubling down to help us see through our mission of bringing the music industry into the digital age.”

“The royalty collection business has been stuck in the dark ages, and artists often have to wait for months or years to get paid for use of their work – if they get paid at all,” said Bill Maris, founder, Section 32. “Kobalt is the only company to have created a full multi-rights content management system to fix this broken business model, and I couldn’t be happier to join the board and invest again in Willard and the team at Kobalt.”

 

 

More Music

  • Offset of MigosWireless Festival, Day 2,

    Migos’ Offset ‘Home’ With Cardi B and Baby After Arrest on Gun, Weed Charges

    Kobalt announced today that it has secured another $14 million to its recent Series D round of growth capital, bringing the total to $89 million. Venture capitalist Bill Maris, who led the round, has joined the company’s board of directors. The Sweden-based music-rights and publishing company, which represents Paul McCartney (pictured), Kelly Clarkson, Dave Grohl, Dr. […]

  • Chester BenningtonWarner Music Group Grammy After

    Linkin Park Pays Tribute to Chester Bennington on Anniversary of His Death

    Kobalt announced today that it has secured another $14 million to its recent Series D round of growth capital, bringing the total to $89 million. Venture capitalist Bill Maris, who led the round, has joined the company’s board of directors. The Sweden-based music-rights and publishing company, which represents Paul McCartney (pictured), Kelly Clarkson, Dave Grohl, Dr. […]

  • Willie Nelson

    Willie Nelson to Release Frank Sinatra Tribute Album ‘My Way’

    Kobalt announced today that it has secured another $14 million to its recent Series D round of growth capital, bringing the total to $89 million. Venture capitalist Bill Maris, who led the round, has joined the company’s board of directors. The Sweden-based music-rights and publishing company, which represents Paul McCartney (pictured), Kelly Clarkson, Dave Grohl, Dr. […]

  • Watch Pusha T Perform ‘Santeria’ With

    Watch Pusha T Perform ‘Santeria’ With 070 Shake and The Roots

    Kobalt announced today that it has secured another $14 million to its recent Series D round of growth capital, bringing the total to $89 million. Venture capitalist Bill Maris, who led the round, has joined the company’s board of directors. The Sweden-based music-rights and publishing company, which represents Paul McCartney (pictured), Kelly Clarkson, Dave Grohl, Dr. […]

  • Radiohead Coachella

    Radiohead Demands Answers in Drum Technician's Death

    Kobalt announced today that it has secured another $14 million to its recent Series D round of growth capital, bringing the total to $89 million. Venture capitalist Bill Maris, who led the round, has joined the company’s board of directors. The Sweden-based music-rights and publishing company, which represents Paul McCartney (pictured), Kelly Clarkson, Dave Grohl, Dr. […]

  • XXXTentacion

    Four Men Indicted in XXXTentacion’s Murder

    Kobalt announced today that it has secured another $14 million to its recent Series D round of growth capital, bringing the total to $89 million. Venture capitalist Bill Maris, who led the round, has joined the company’s board of directors. The Sweden-based music-rights and publishing company, which represents Paul McCartney (pictured), Kelly Clarkson, Dave Grohl, Dr. […]

More From Our Brands

Access exclusive content