About Turntable Labs
Turntable Labs is a company based in Miami (United States) founded in 2020 by Joseph Perla.. Turntable Labs has raised $15.2 million across 2 funding rounds from investors including Founders Fund, Elizabeth Street and 468 Capital. Turntable Labs offers products and services including Hangout and Turntable. Turntable Labs operates in a competitive market with competitors including Disc Makers, Double Double Whammy, ViNIL, K-Music Central and iTrax, among others.
- Headquarter Miami, United States
- Founders Joseph Perla
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Turntable Lab 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
$15.2 M (USD)
in 2 rounds
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Latest Funding Round
$8.2 M (USD), Seed
Aug 29, 2024
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Investors
Founders Fund
& 4 more
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Employee Count
Employee Count
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Products & Services of Turntable Labs
Turntable Labs offers a comprehensive portfolio of products and services, including Hangout and Turntable. 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 online hanging out with friends and daily music interactions.
Platform for featuring album releases, listening parties, and artist concerts.
Funding Insights of Turntable Labs
Turntable Labs has successfully raised a total of $15.2M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $8.2 million completed in August 2024. 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 Seed — $8.2M
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First Round
First Round
(28 Mar 2023)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Seed - Turntable Labs | Valuation |
investors |
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| Mar, 2023 | Amount | Seed - Turntable Labs | 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 Turntable Labs
Turntable Labs has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Founders Fund, Elizabeth Street and 468 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 |
|---|---|---|---|---|
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital is invested in consumer sector startups.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to early-stage startups from Berlin.
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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 Turntable Labs
| 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 - Turntable Labs
| 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 |
Turntable Labs Comparisons
Competitors of Turntable Labs
Turntable Labs 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 Disc Makers, Double Double Whammy, ViNIL, K-Music Central and iTrax, 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 |
CDs, DVDs, and vinyl for indie musicians are retailed online.
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| domain | founded_year | HQ Location |
Internet-first brand of music tapes
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| domain | founded_year | HQ Location |
Vinyl records and merchandise are offered online to members exclusively.
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| domain | founded_year | HQ Location |
Operates an online platform for retailing CDs.
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| domain | founded_year | HQ Location |
Music tracks are discovered and downloaded through the platform.
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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 Turntable Labs
Frequently Asked Questions about Turntable Labs
When was Turntable Labs founded?
Turntable Labs was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Where is Turntable Labs located?
Turntable Labs is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Who is the current CEO of Turntable Labs?
Joseph Perla is the current CEO of Turntable Labs. They have also founded this company.
Is Turntable Labs a funded company?
Turntable Labs is a funded company, having raised a total of $15.2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $7M, raised on Mar 28, 2023.
What does Turntable Labs do?
Online retailer specializing in vinyl record collector supplies. It offers a wide range of products, including turntables, records, and related accessories.
Who are the top competitors of Turntable Labs?
Turntable Labs's top competitors include Double Double Whammy, ViNIL and Disc Makers.
What products or services does Turntable Labs offer?
Turntable Labs offers Hangout and Turntable.
Who are Turntable Labs's investors?
Turntable Labs has 5 investors. Key investors include Founders Fund, Elizabeth Street, 468 Capital, F7 Ventures, and Simon Oxley.