Home Featured Top Slider Music royalty collector Kobalt nabs $75M led by Hearst Entertainment at $775M...

Music royalty collector Kobalt nabs $75M led by Hearst Entertainment at $775M valuation

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Photo via Alphacolor 13 on Unsplash under the Creative Commons License

Tech Crunch reports: “As music streaming continues to grow in ubiquity, a company that’s built a platform to collect royalties on music played across billions of streams is cashing in on the opportunity. Kobalt, the European startup that has built technology and a platform to collect music royalties by tracking when even a sample of a song is played across multiple platforms, has raised another $75 million in funding.”

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