Kobalt Co-Founder Willard Ahdritz Launches Music & Media Tech Venture Firm
The firm includes banker Stephen Langer and Isabel Keulen, formerly head of Stockholm School of Economics' business incubator and venture capital fund.
Willard Ahdritz, the co-founder and CEO of Kobalt Music Group, has launched a new venture firm, Ahdritz Capital Partners, and appointed Isabel Keulen as its second investment partner. Keulen, a Swedish investment banking and tech venture expert, previously served as CEO of SSE Business Lab and SSE Ventures in Stockholm. Ahdritz Capital, headquartered in New York, aims to support international companies in establishing themselves in the U.S. and other key markets, following the sale of Kobalt to Primary Wave in July.
The $20 million fund has already invested in companies like Madverse Music Group and Even. Madverse, founded in 2023, offers digital distribution services with AI-enhanced publishing and administration services. Keulen, who brings a decade of experience in entertainment and media finance, will add to Ahdritz Capital's focus on AI innovators.
Lazard financial advisor Stephen Langer joined Ahdritz Capital in May, following Lazard's role in advising Primary Wave on the acquisition of Kobalt from Francisco Partners.
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