What Turntable Labs does

Turntable Labs, Inc. (legal entity TTFM Labs d/b/a Turntable Labs, Inc.) is a Miami-based private company founded in 2020 that operates two distinct consumer products in the social and generative music space. Hangout (hangout.fm) is a social music platform featuring virtual DJ booths, real-time chat, voice chat, customizable avatars, and community listening rooms, designed for shared, interactive music experiences among friends. Turntable (turntable.ai) is a separate GenAI-powered product that enables users to create, share, and collaborate around AI-generated music. The company has also executed inorganic growth, notably acquiring social music platform JQBX in April 2023.

The company's underlying technology combines social streaming infrastructure with generative AI capabilities, targeting Gen Z and Millennial music fans seeking more interactive alternatives to passive streaming services. Distribution is consumer-direct through self-serve PLG channels: a web platform and planned iOS/Android mobile applications, supported by organic social media presence across Instagram, Twitter/X, Facebook, and SoundCloud.

The business model is not yet revenue-generating. The platform is in pre-launch status with a planned public launch in 2024, contingent on securing music industry licensing. The intended monetization path is a subscription-based freemium model, though pricing has not been publicly disclosed. As of August 2024, the company has raised $8.2 million in seed funding co-led by Founders Fund, Elizabeth Street Ventures, 468 Capital, and f7 Ventures, with 11-50 employees and a single disclosed executive (Joseph Perla, President). The company has no disclosed enterprise customers, ARR, or commercial revenue to date.

Name

Turntable Labs

Legal name

TTFM Labs d/b/a Turntable Labs, Inc

Website

https://turntablelabs.co

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Turntable Labs is a Miami-based company operating Hangout, a social music platform with virtual DJ booths and community listening rooms, and Turntable.ai, a GenAI music creation tool. It targets Gen Z and Millennial music fans and is pre-launch with $8.2M in seed funding.

Ownership category

akta.pro rank

Product category

Social Music Streaming

NAICS

Sound Recording Industries (5122), Other Sound Recording Industries (512290)

akta.pro primary industry

Drop-in Live Audio Social Platforms (Open Rooms/Stages) (MPACAEAA)

Keywords

• Social music platform
• Virtual DJ booths
• Music streaming app
• AI music creation
• Community listening rooms

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Hangout Platform (Pre-launch): Platform is in pre-launch phase. Revenue model not yet publicly disclosed. Company is engaged with music industry for licensing ahead of public launch.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Turntable Labs operates two core products: Hangout, a social music streaming platform for hanging out with friends online through music, featuring virtual DJ booths, customizable avatars, real-time chat, voice chat, and community listening rooms; and Turntable, a GenAI-powered platform that lets users create, share, and collaborate on music using generative AI. The company is engaged with music industry licensors ahead of Hangout's public launch.

Product overview

Turntable Labs operates two distinct core products: Hangout is a social music platform designed for daily social interaction through music, featuring virtual DJ booths, avatars, chat, and community listening rooms. Turntable is a separate GenAI platform focused on AI-powered music creation and sharing. Together, the portfolio covers social music streaming and AI-assisted music creation.

Differentiator

Problem solved

Functional benefit

Brands

• Hangout: A social music platform for hanging out with friends online with music every day, featuring virtual DJ booths, chat, avatars, and community listening rooms.
• Turntable

Products and services

• Hangout A social music platform for hanging out with friends online with music every day. Features include virtual DJ booths, customizable avatars, chat options, voice chat, and mobile apps for community listening rooms. Targeted at individual music fans seeking interactive social music experiences.
• Turntable A GenAI-powered platform that enables users to create, share, and vibe together. Uses generative AI technology for music creation and sharing experiences.

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Partnerships

One partnership is on record.

• Music Industry (Licensing Partners)minorStrategic or Co-development PartnerCompany is engaged with the music industry to ensure proper licensing and legal use of music content before the public launch of the Hangout platform.

Scale indicators2 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• SoundCloud: SoundCloud is a creator-driven music streaming and social platform where users can upload, share, and interact around tracks — directly comparable to Hangout's social music listening model and creator ecosystem focus.
• Audius: Audius is a decentralized music streaming platform with built-in social features, artist tipping, and community listening — closely aligned with Turntable Labs' social-first music platform positioning.
• Discord: Discord is the dominant audio social platform widely used for music listening parties and community rooms — directly comparable to Hangout's community listening rooms and drop-in voice chat experiences.
• Clubhouse: Clubhouse pioneered drop-in live audio social rooms — architecturally and behaviorally similar to Hangout's listening rooms with voice chat, making it a direct conceptual peer in audio social.
• Bandcamp: Bandcamp is a music community and marketplace focused on artist-fan relationships — directly comparable to Turntable Labs' emphasis on active music fan communities and creator engagement.
• Smule: Smule is a social music creation and karaoke platform with strong community features — directly comparable to Turntable.ai's GenAI-powered music creation and social sharing model.

Broad incumbents

• Spotify: Spotify is the global market-leading music streaming service with broad consumer reach — a broad incumbent whose dominance defines the competitive context for any new social-audio music experience.
• Apple Music: Apple Music is a top-tier incumbent music streaming service bundled into Apple's ecosystem — establishes the scale bar a startup like Turntable Labs must compete against.
• TIDAL: TIDAL is a high-fidelity music streaming service with artist-owned positioning — comparable as a streaming incumbent with social/community elements and licensing relationships.
• TikTok: TikTok is the dominant short-form social video platform with music as a core engagement driver — a broad incumbent that defines the social+music interaction paradigm Turntable Labs targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/hangoutfm_
• Facebookfacebook.com/hangoutfmapp
• Instagraminstagram.com/hangout.fm

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Turntable Labs