Music Mastermind Gains $10.8M

Calabasas-based Music Mastermind, which is developing a music creation platform, said Monday that it has raised $10.8M in a Series B funding round. The round came from Intel Capital and Liberty Global, along with angel investors. Intel and Liberty contributed $6.8M to the Series B, with the remainder coming from the angels. Music Mastermind was founded by Matt Serletic, former Virgin Records Chairman and CEO. Music Mastermind said the funding comes on top of an earlier, $5M in funding it received in February 2010 from angel investors. More information »