About Turnstyle
Turnstyle is a Retail company based in Toronto (Canada) founded in 2012, and was acquired by Yelp in April 2017. Customer analytics and location-based marketing are delivered via WiFi connections. It operates in the Retail and Technology sectors. 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. Its focus areas include Enterprise Applications, Vertical Business Intelligence, Industry Specific and In Store Retail Tech. Its legal entity is Yelp Inc.
Company details
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).
- Headquarters Toronto, Canada
- Stage Acquired
- SectorsRetailTechnology
- Website getturnstyle.com
- Social LinkedIn X
- Acquired by Yelp (Apr 2017)
- Legal Name Yelp Inc.
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.
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 $2.1M
- Total Rounds 3
- First Round $1.1M
(Jan 2014)
- Investors Count 1
All 3 funding rounds of Turnstyle with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2018 | Seed | – | – | ||
| Nov 2014 | $1M | Seed | – | – | – |
| Jan 2014 | $1.1M | Seed | – | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital is provided by Ripple Ventures. | rippleventures.com | Toronto, Canada | ||
Platform for discovering and sharing local businesses | 2004 | yelp.com | San Francisco, United States |
Investor details for Turnstyle
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Turnstyle
4 dated milestones of Turnstyle across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Turnstyle is founded.
- Funding First funding round of $1.1M.
- Exit Acquired by Yelp.
- Funding Latest funding round, Seed,.
Web traffic of Turnstyle
Websites that share an audience with Turnstyle (getturnstyle.com).
Websites whose visitors overlap most with Turnstyle. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| turnstylecycle.com | 100% | 3.8K | #4,437,204 | View details |
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Frequently Asked Questions about Turnstyle
Turnstyle was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Turnstyle is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
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 2014.
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).
Turnstyle offers Yelp Business Page, Yelp Ads, Yelp Guest Manager, and Yelp Data Licensing.
Turnstyle has 2 investors. Key investors include Yelp, and Ripple Ventures.
Turnstyle operates through Yelp Inc..
Yes. Turnstyle was acquired by Yelp in April 2017.