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Turntable Labs Inc raised $8.2M in an extended seed round led by Founders Fund and Elizabeth Street Ventures to enhance musical experiences on its social platform Hangout.

Aug 29, 202412 months ago

Amount Raised

$8.2 Million

Round Type

seed

MiamiSocial MediaMusic

Investors

Michael GuimarinF7 Ventures468 CapitalElizabeth Street VenturesFounders Fund

Description

Turntable Labs, Inc has announced an extended seed round totaling $8.2 million for Hangout, its new social music platform. The funding will support the platform's public launch and aims to create joyful and meaningful social experiences through music.

Company Information

Company

Turntable Labs

Location

Miami, Florida, United States

About

Turntable Labs Inc is the creator behind Hangout, a social music platform designed to enhance online social experiences through music. The platform allows users to gather and DJ together in a playful virtual setting. It aims to bring meaningful social experiences and promote community identity through music. Hangout is set to launch publicly later in 2024.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers