In May, music company Kobalt announced a $75m Series D funding round, led by media firm Hearst Entertainment. Now that round has increased to $89m.
The $14m ‘second installment’ was led by former Google Ventures partner Bill Maris’ new Section 32 fund, with Maris joining Kobalt’s board of directors as part of the funding.
Maris and Kobalt have history though: while at Google’s investment arm, the Silicon Valley veteran led a $60m funding round for Kobalt in February 2015.
The post Kobalt Series D funding swells to $89m as Section 32 chips in appeared first on Music Ally.
