New York-based independent music publisher and music services company Kobalt Music Group has raised $140 million in new funding from Balderton Capital, MSD Capital, and other unnamed investors. Kobalt helps artists and songwriters collect royalties on streamed music, providing clients with a dashboard that detects and reports song plays and sampled tracks. Founded in 2001, Kobalt currently collects royalties on behalf of over 2,000 high-profile clients including Paul McCartney and Disney, and will use the new funds to attract more musicians to its service and make business deals with additional music streaming platforms.
San Francisco-based tech hiring startup Gild has raised $13.5 million in a Series B round led by Menlo Ventures with participation from Globespan Capital Partners, SAP Ventures, Correlation Ventures, Steve Anderson, and Mark Kvamme. Gild helps companies find and hire software engineers with software that analyzes developers' actual work, not just their resumes, and currently serves over 250 customers worldwide. Founded in 2011, Gild has raised over $23 million to date and will use the latest cash to expand its product offerings and grow its headcount.
India-based mobile gaming company Octro has raised $15 million in Series A funding from Sequoia Capital. Octro creates mobile, multiplayer versions of popular local games such as Indian Rummy or Tambola. Founded in 2006 (initially as a productivity app maker), Octro has multiple titles among the top 5 games in India on Google Play and will use the new funds to scale the company.
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