Kobalt Music Group has secured a growth capital investment from an affiliate of MSD Capital.
MSD Capital’s commitment consists of a primary investment and also the acquisition of a stake from SPARK Ventures plc, a founding investor in Kobalt. A representative of MSD Capital will join Kobalt’s Board of Directors.
Balderton Capital, the leading technology venture capital investor, has also increased its holding.
“We are delighted to welcome MSD Capital as an investor,” said Kobalt founder and CEO Willard Ahdritz. ...
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