About TouchTunes
TouchTunes is a company based in New York (United States) founded in 1998 was acquired by TA in March 2022.. TouchTunes has raised $45 million across 2 funding rounds from investors including 3i Group, VantagePoint Capital Partners and TA Associates. TouchTunes has completed 1 acquisition, including Soundnet. TouchTunes offers products and services including TouchTunes App, Jukeboxes, TouchTunes Pay, and Dartboards. TouchTunes operates in a competitive market with competitors including Rockbot, Jukebox Studio, Jukeboxy, Secret DJ and JukeVision, among others.
- Headquarter New York, United States
- Stage Minicorn
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Sectors
Media & Entertainment
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Phone
*********
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Website
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Social
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- Legal Name Touchtunes Music Company, Llc
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Products & Services of TouchTunes
TouchTunes offers a comprehensive portfolio of products and services, including TouchTunes App, Jukeboxes, TouchTunes Pay, and Dartboards. 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.
Mobile app for selecting and playing music on jukeboxes.
Interactive systems for music playback in venues.
Platform for handling music-related transactions.
Electronic dart systems for entertainment venues.
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Funding Insights of TouchTunes
TouchTunes has successfully raised a total of $45M across 2 strategic funding rounds. The most recent funding activity was a Series E round of $45 million completed in August 2011. 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 Series E — $45.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2011 | Amount | Series E - TouchTunes | Valuation |
investors |
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| Jun, 2007 | Amount | Unspecified - TouchTunes | 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 TouchTunes
TouchTunes has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include 3i Group, VantagePoint Capital Partners and TA Associates. 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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Private equity firm focused on mid-market businesses
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Venture capital firm
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Multiple sectors are invested in by private equity firm TA.
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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TouchTunes
TouchTunes has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Soundnet. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Music provider and Jukebox for venues
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TouchTunes
| 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 |
Touchtunes Comparisons
Competitors of TouchTunes
TouchTunes 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 Rockbot, Jukebox Studio, Jukeboxy, Secret DJ and JukeVision, 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 |
Mobile jukebox app is used for venue customer engagement.
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| domain | founded_year | HQ Location |
Music jukebox application for venues
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| domain | founded_year | HQ Location |
Provides a music streaming and jukebox platform to boost business customer engagement.
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| domain | founded_year | HQ Location |
App enables users to choose tunes in venues and helps businesses build loyalty.
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| domain | founded_year | HQ Location |
Offers interactive music and digital signage for bars, pubs, and restaurants.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Touchtunes
Frequently Asked Questions about TouchTunes
When was TouchTunes founded?
TouchTunes was founded in 1998 and raised its 1st funding round 9 years after it was founded.
Where is TouchTunes located?
TouchTunes is headquartered in New York, United States. It is registered at New York, New York, United States.
Is TouchTunes a funded company?
TouchTunes is a funded company, having raised a total of $45M across 2 funding rounds to date.
What does TouchTunes do?
TouchTunes was founded in 1998 in New York, United States, and operates as a provider of digital jukeboxes in the entertainment sector. A per-play subscription model is utilized, with music selections made through a consumer-facing app from a large database. A cloud-based karaoke platform is also offered. As of September 2016, 71,000 venues were served, and 4 million app downloads were recorded.
Who are the top competitors of TouchTunes?
What products or services does TouchTunes offer?
TouchTunes offers TouchTunes App, Jukeboxes, TouchTunes Pay, and Dartboards.
How many acquisitions has TouchTunes made?
TouchTunes has made 1 acquisition, including Soundnet.
Who are TouchTunes's investors?
TouchTunes has 4 investors. Key investors include 3i Group, VantagePoint Capital Partners, TA Associates, and Searchlight Capital.
What is TouchTunes's valuation?
The valuation of TouchTunes is $300M as of Aug 2011.