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.
Source: Kobalt Series D funding swells to $89m as Section 32 chips in