Via: paidContent

Berkeley, CA-based music service Mog.com, which recently launched its subscription music service with good review, is taking a new VC round to finance an entry to the UK market, promising to undercut the much-hyped Spotify and CBS-owned social site Last.fm, we have learned.

The second round closed at around $10 million, with previous investor Menlo Ventures and new investors, European VC firm Balderton Capital splitting the investment, our sources say. The valuation is about double of what it raised $5 million at last summer, so a significant bump up in a short period. Mog is looking for a GM to run the UK service now. The money was raised by media i-bank MESA Global, which has of late been doing a slew of fund raises, along with the usual lineup of M&A deals. [Read More]