Music Firm Kobalt Raises $60 Million From Google Ventures, Dell

Kobalt, an independent music publisher that works with Paul McCartney and Sam Smith, raised $60 million from investors including Google Ventures and Michael Dell.

Kobalt collects royalties and offers other services such as licensing management and digital marketing to its clients, who include Beck, Max Martin, Kelly Clarkson and Skrillex, the London-based company said Friday in a statement.