Music Mastermind could be a ‘game-changer,’ and investors are now playing along.
On Wednesday afternoon at Digital Music Forum in New York, TAG Strategic managing partner Ted Cohen tipped the funding level, and his firm – a partner on the startup – subsequently offered more details to Digital Music News. The round, a Series A, totals $4.85 million and was oversubscribed. TAG did not disclose the financiers, though more information may be forthcoming.
As first reported last month, Music Mastermind emerged from stealth at CES in Las Vegas. The concept combines the entertainment of a Rock Band-style environment with the production prowess of Pro Tools, effectively handing serious music creation to the amateur. The rest is too early-stage to discuss, though the company offered limited previews at CES. Among the founding partners is former Virgin Records America CEO Matt Serletic.
Report by publisher Paul Resnikoff in New York. More details as they emerge.