# Hangout

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hangout

- Industry: Software
- Headquarters: Miami, US
- Website: www.hangout.fm/
- Total disclosed funding: $15M
- Latest round: Seed (Aug 29, 2024)
- Investors on record: 4

## About

Based in Miami, United States and founded in 2020 by Joseph Perla (Founder and CEO), Turntable Labs, Inc. doing business as Hangout is a social music streaming platform that enables users to listen to music together in shared virtual environments. The platform allows users to create and join hangouts where participants chat, discover music, and take turns DJing. In September 2026, Grai Inc., a portfolio company of Andreessen Horowitz, Flyer One Ventures, Inovo VC, Khosla Ventures, Tensor Ventures, and Tiny Super Computer Investment Company, acquired Hangout from 468 Capital, Elizabeth Street Ventures, F7 Ventures, and Founders Fund.
The company offers services under the brand hangout and turntable. The platform provides access to digital music experiences. The platform is a space where users can join virtual rooms and interact with others who share similar musical tastes. The app allows users to discover songs, playlists, remixes, and collaborations. Turntable LIVE allows for communal music discovery and engagement, leveraging technology to build a sense of connection among its user base. In addition to the music discovery and social sharing features, Turntable Labs enables users to upload and share their music, including tracks that may not be available on other platforms. The platform’s human-powered discovery model allows users to find new music through recommendations from friends and the community, rather than relying on algorithm-driven suggestions. The tools integrate with existing streaming services like Spotify, Apple Music, and YouTube, enabling users to access curated content from various platforms in one centralised location.
The September 2026 acquisition enables Grai Inc. to build an AI-powered social streaming service combining Hangout’s insights into social listening behavior with its technology and consumer product vision.

## Funding rounds

- Seed, Aug 29, 2024, $8.2M — Founders Fund, F7 Ventures, Elizabeth Street Ventures, 468 Capital
- Seed, Mar 28, 2023, $7M — Founders Fund, F7 Ventures

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed
- F7 Ventures (https://capitalatlas.ai/funds/f7-ventures) — Seed
- Elizabeth Street Ventures (https://capitalatlas.ai/funds/elizabeth-street-ventures) — Seed
- 468 Capital (https://capitalatlas.ai/funds/468-capital) — Seed