About hitRECord
hitRECord is a company based in Glendale (United States) founded in 2004 by Jared Geller and Dan Gordon.. hitRECord has raised $6.4 million across 2 funding rounds from investors including Advancit Capital. The company has 32 employees as of December 31, 2022. hitRECord operates in a competitive market with competitors including BandLab, Splice, Soundtrap, Vampr and Boombox, among others.
- Headquarter Glendale, United States
- Employees 32 as on 31 Dec, 2022
- Founders Jared Geller, Dan Gordon
-
Sectors
Media & Entertainment
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Hitrecord Org Llc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$6.4 M (USD)
in 2 rounds
-
Latest Funding Round
$3.4 M (USD), Debt – Conventional
Mar 27, 2020
- Investors
-
Employee Count
32
as on Dec 31, 2022
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
Funding Insights of hitRECord
hitRECord has successfully raised a total of $6.4M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $3.4 million completed in March 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $3.4M
-
First Round
First Round
(18 Sep 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2020 | Amount | Debt – Conventional - hitRECord | Valuation |
investors |
|
| Sep, 2018 | Amount | Series A - hitRECord | Valuation | Advancit Capital |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in hitRECord
hitRECord has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Advancit Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Tech focused VC firm investing in early-stage startups in the US
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by hitRECord
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - hitRECord
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hitrecord Comparisons
Competitors of hitRECord
hitRECord operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BandLab, Splice, Soundtrap, Vampr and Boombox, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A cloud-based platform enables music creation and user collaboration.
|
|
| domain | founded_year | HQ Location |
Music creation and collaboration are enabled through an online platform.
|
|
| domain | founded_year | HQ Location |
Music co-creation and sharing platform
|
|
| domain | founded_year | HQ Location |
Music collaboration is enabled via an app-based platform for users.
|
|
| domain | founded_year | HQ Location |
Cloud-based music collaboration and file management solutions are provided.
|
|
| domain | founded_year | HQ Location |
Cloud-based music collaboration and sharing platform is offered.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Hitrecord
Frequently Asked Questions about hitRECord
When was hitRECord founded?
hitRECord was founded in 2004 and raised its 1st funding round 14 years after it was founded.
Where is hitRECord located?
hitRECord is headquartered in Glendale, United States. It is registered at Glendale, California, United States.
Is hitRECord a funded company?
hitRECord is a funded company, having raised a total of $6.4M across 2 funding rounds to date. The company's 1st funding round was a Series A of $6.4M, raised on Sep 18, 2018.
How many employees does hitRECord have?
As of Dec 31, 2022, the latest employee count at hitRECord is 32.
What does hitRECord do?
HITRECORD is an online collaborative production company. Enables user to contribute through bite-sized tasks and produces projects such as short films, books, and DVDs. Distributes money earned through productions among its contributors and claims to have paid over 2M to its contributors, as of Nov 2016. Claims to have a community of over 100k artists in multiple disciplines including animation, writing, filmmaking, music, graphics, and editing among others. Claims to add 250 new members and over 2.5k new pieces of art every day, as of Nov 2016. Projects are directed by actor and director Joseph Gordon-Levitt.
Who are the top competitors of hitRECord?
Who are hitRECord's investors?
hitRECord has 1 investor. Key investors include Advancit Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.