QUICK LINKS: Vending Videos  |  Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:      

Bookmark this site




Issue Date: Vol. 51, No. 8, August 2011, Posted On: 8/12/2011


TouchTunes Said To Land $45M Funding


Marcus Webb
TouchTunes Interactive Networks, TouchTunes, jukebox, juke box, series E funding

NEW YORK CITY -- TouchTunes Interactive Networks, which became the U.S. industry's first downloading jukebox company some 14 years ago, has reportedly secured $45 million in new funding.

The capital came in the form of series E financing, meaning a fifth major round of fundraising for the privately held company, resulting in the issuance of preferred stock. The funding was reportedly based on a valuation that TouchTunes is worth $300 million.

The news was not announced by TouchTunes. Instead, it was leaked on the Internet.

It appears that someone accidentally sent an email intended for TouchTunes CFO Patrick Barry to the wrong address -- namely, a Google employee who is also named Patrick Barry. Google's namesake posted the news on his Google+ account. It was then picked up by more than 1,000 websites and blogs. | SEE POST

TouchTunes has made no comment on the matter.

Among the company's earlier investors are CDP TelecomMedia and CDP Innovation-Sofinov of Canada (which invested $15 million and $5 million respectively in 2000), Innovatech Quebec and VantagePoint Venture Partners.

Topic: Music and Games Features

Articles:
  • SoundHound App Now Integrates With TouchTunes Jukebox Music
  • E la Carte's Presto Tablets Land On Johnny Rockets Tables; Company Raises $35 Million
  • Chuck E. Cheese's Acquires Peter Piper Pizza
  • TouchTunes Jukebox Exclusive: Bob Seger's New Album 'Ride Out'
  • GameWorks Las Vegas Is Back; Customers Pay With Sacoa

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570