Music Mastermind, a Calabasas, Calif.-based independent entertainment and technology company, has closed $10.8m in Series B funding.
The round was led by Intel Capital and Liberty Global, with a combined investment of $6.8m, with participation from angel investors, who committed an additional $4m.
The company intends to use the funds to continue to grow and rollout its product. Founded in 2007 by Matt Serletic, Rob Thomas, Gloriana, Carlos Santana, Aerosmith and President and COO Bo Bazylevsky, Music Mastermind will launch its music platform that allows users to create and share music later this year. CTO of the company is Reza Rassool.
Music Mastermind raised its nearly $5m first round of funding from angel investors in February 2010.