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The investment was made at a post-money valuation of $775 million. It will be used to continue expanding Kobalt’s platform to cover more streaming sources, and to add more artists and labels to the list it represents, he said in an interview.
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Kobalt Collects $75M In Artist Royalties
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
http://www.thewrapupmagazine.com/2017/06/kobalt-collects-75m-in-artist-royalties.html