About Planet Out
Planet Out is a company based in Los Angeles (United States) founded in 1995 was acquired by Here Media in January 2009.. Planet Out has raised $34.6 million across 4 funding rounds from investors including Creative Artists Agency, J P Morgan and WarnerMedia. Planet Out offers products and services including Here.TV Video App. Planet Out operates in a competitive market with competitors including Lex, Growlr, Queer Spaces, Lesarion and Castro Labs, among others.
- Headquarter Los Angeles, United States
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Planetout, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$34.6 M (USD)
in 4 rounds
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Latest Funding Round
$26.2 M (USD), Post-IPO
Jul 02, 2007
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Investors
Creative Artists Agency
& 8 more
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Employee Count
Employee Count
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Acquired by
Here Media
(Jan 10, 2009)
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Products & Services of Planet Out
Planet Out offers a comprehensive portfolio of products and services, including Here.TV Video App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for streaming LGBTQ+ movies and series online
Funding Insights of Planet Out
Planet Out has successfully raised a total of $34.6M across 4 strategic funding rounds. The most recent funding activity was a Post-IPO round of $26.2 million completed in July 2007. 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 4
- Last Round Post-IPO — $26.2M
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First Round
First Round
(21 Sep 2000)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2007 | Amount | Post-IPO - Planet Out | Valuation |
investors |
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| Jan, 2002 | Amount | Series D - Planet Out | Valuation |
investors |
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| May, 2001 | Amount | Series D - Planet Out | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Planet Out
Planet Out has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Creative Artists Agency, J P Morgan and WarnerMedia. 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 |
|---|---|---|---|---|
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PE firm investing in the US
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Founded Year | Domain | Location | |
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Mayfield is focused on AI innovation and venture capital investments.
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Founded Year | Domain | Location | |
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Investments are focused by Edventure Holdings on US tech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Planet Out
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Planet Out
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Planet Out Comparisons
Competitors of Planet Out
Planet Out 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 Lex, Growlr, Queer Spaces, Lesarion and Castro Labs, 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 |
LGBT community interactions are facilitated through a social platform.
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| domain | founded_year | HQ Location |
Nearby gay individuals are connected through a social networking platform.
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| domain | founded_year | HQ Location |
Connections are enabled among queer community members via social platform.
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| domain | founded_year | HQ Location |
Mobile app for queer women to connect, date, and build community.
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| domain | founded_year | HQ Location |
Social platform for LGBTQ community
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Planet Out
When was Planet Out founded?
Planet Out was founded in 1995 and raised its 1st funding round 5 years after it was founded.
Where is Planet Out located?
Planet Out is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is Planet Out a funded company?
Planet Out is a funded company, having raised a total of $34.6M across 4 funding rounds to date. The company's 1st funding round was a Series D of $8.2M, raised on Sep 21, 2000.
What does Planet Out do?
Planet Out was founded in 1995 in Los Angeles, United States, as an online social platform targeted at the LGBT community. Digital networking services are provided, enabling user connections, content sharing, and community support within the social media sector. Operations center on web-based interactions, with a focus on inclusive features for this demographic, primarily serving users across the United States.
Who are the top competitors of Planet Out?
Planet Out's top competitors include Lex, Growlr and Castro Labs.
What products or services does Planet Out offer?
Planet Out offers Here.TV Video App.
Who are Planet Out's investors?
Planet Out has 9 investors. Key investors include Creative Artists Agency, J P Morgan, WarnerMedia, Allen & Company, and SF Capital Group.