About Turnstyle
Turnstyle is a company based in Toronto (Canada) founded in 2012 was acquired by Yelp in April 2017.. Turnstyle has raised $2.1 million across 3 funding rounds from investors including Yelp and Ripple Ventures. Turnstyle offers products and services including Yelp Business Page, Yelp Ads, Yelp Guest Manager, and Yelp Data Licensing. Turnstyle operates in a competitive market with competitors including Purple, AreaMetrics, Locarise, Nearbuy Systems and LANDMARKS ID, among others.
- Headquarter Toronto, Canada
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Sectors
RetailTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Yelp Inc.
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Products & Services of Turnstyle
Turnstyle offers a comprehensive portfolio of products and services, including Yelp Business Page, Yelp Ads, Yelp Guest Manager, and Yelp Data Licensing. 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.
Free platform to manage online presence and respond to reviews.
Paid ads to target customers searching for local businesses.
Tool for restaurants to handle reservations and waitlists.
Provides business data for marketing and insights.
Funding Insights of Turnstyle
Turnstyle has successfully raised a total of $2.1M across 3 strategic funding rounds. 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 3
- Last Round Last Round
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First Round
First Round
(20 Jan 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2018 | Amount | Seed - Turnstyle | Valuation |
investors |
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| Nov, 2014 | Amount | Seed - Turnstyle | Valuation |
investors |
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| Jan, 2014 | Amount | Seed - Turnstyle | Valuation |
investors |
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| 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 Turnstyle
Turnstyle has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Yelp and Ripple Ventures. 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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Early-stage venture capital is provided by Ripple Ventures.
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Founded Year | Domain | Location | |
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Platform for discovering and sharing local businesses
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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 Turnstyle
| 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 - Turnstyle
| 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 |
Turnstyle Comparisons
Competitors of Turnstyle
Turnstyle 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 Purple, AreaMetrics, Locarise, Nearbuy Systems and LANDMARKS ID, 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 |
Wi-Fi-based in-store analytics solutions are provided for offline retailers.
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| domain | founded_year | HQ Location |
Analytics solutions for consumer insights are delivered via segmentation platforms.
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| domain | founded_year | HQ Location |
Retail analytics are provided for in-store traffic and customer insights.
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| domain | founded_year | HQ Location |
In-store Mobile Commerce
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| domain | founded_year | HQ Location |
Consumer insights are derived from mobile location data analysis.
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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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Frequently Asked Questions about Turnstyle
When was Turnstyle founded?
Turnstyle was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Turnstyle located?
Turnstyle is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is Turnstyle a funded company?
Turnstyle is a funded company, having raised a total of $2.1M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on Jan 20, 2014.
What does Turnstyle do?
Turnstyle provides customer analytics and location based marketing technology by connecting with WiFi enabled smart devices as they move through a venue. It uses context to provide better targeted services to users. The company also provides free Wi-Fi in restaurants and bars, in exchange for some transfer of personal data. Third party integration via API and SDK is also available. Deployed in more than 850 locations (as of June 2014).
Who are the top competitors of Turnstyle?
Turnstyle's top competitors include Purple, AreaMetrics and Nearbuy Systems.
What products or services does Turnstyle offer?
Turnstyle offers Yelp Business Page, Yelp Ads, Yelp Guest Manager, and Yelp Data Licensing.
Who are Turnstyle's investors?
Turnstyle has 2 investors. Key investors include Yelp, and Ripple Ventures.
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