Music Technology Firm Receives $10 Million Investment

Entertainment technology company Music Mastermind received $10.8 million in financing from private investors to develop and release a create-and-share music platform. The Calabasas-based firm previously received $5 million in funding in early 2010. The company’s music technology combines elements of music production tools, interactive entertainment and social engagement, said President and COO Bo Bazylevsky. Bazylevsky, a Wall Street bond trader, runs Music Mastermind with founder Matt Serletic, a former executice with Virgin Records. The latest funding round included $6.8 million from Intel Capital and Liberty Global and $4 million from angel investors. “At Liberty Global, we understand that digital technology is uniting people around the world and that music is a common thread among us,” said Bruce Dines, VP of Liberty Global Ventures. “We believe Music Mastermind’s cutting-edge technologies will connect the international community in a completely new way.” Mark R. Madler