Colombian Star Maluma Invests in Trebel Music-Streaming Platform (1)

Latin music star Maluma is investing in Trebel, a music-downloading platform — the latest move by a top-selling artist to get involved in the business side of music distribution.

Trebel nabbed a valuation of more than $200 million in its latest funding round, according to a person familiar with the matter. The company is raising $25 million, led by Indonesian media conglomerate MNC Group. In addition to Maluma, whose real name is Juan Luis Londoño, other investors include Christopher Burch, NBA player Thaddeus Young and Mexican business executive Alejandro Grisi. The round brings Trebel’s total funding to about $45 million.

Artists are ...