Turntable Labs, the Miami, FL-based company behind the new social music platform Hangout, raised $8.2M in Seed funding.
The round was led by Founders Fund, Elizabeth Street Ventures, 468 Capital, and f7 Ventures, with participation from angel investor Michael Guimarin.
The company intends to use the fund to expand operations and its business reach.
Created by Joseph Perla, Turntable provides Hangout, a music platform integrating social media at its core. Virtual DJ booths provide users the opportunity to spin their selected tracks exclusively for themselves and their friends, in addition to public themed rooms based on their tastes and interests. Custom avatars can bop on the dancefloor, upvoting their favorite tunes, while chat options keep the party lively by encouraging connections new and old.
The latest iteration will incorporate new features for launch including voice chat and mobile apps for iOS and Android, improve on the basic premise of social listening and making it easy for music lovers, artists, entertainers, and influencers to play music and hang out together with friends, creators, colleagues, and fellow fans.
FinSMEs
29/08/2024