KB Investments and Kalaari Capital led a $13m Series A round in Eloelo.

Private equity firms KB Investments and Kalaari Capital led a $13m Series A round in Eloelo, a music streaming platform, with participation from Waterbridge Ventures, Lumikai Fund, Convivialité Ventures and Rocket Capital. Eloelo plans to use the fresh money to scale up its tech, product and content teams, along with fostering new partnerships with content creators.