TouchTunes Interactive Networks
Founded Year
1990Stage
Acq - Fin - II | AliveTotal Raised
$65.33MMissing:TouchTunes Interactive Networks'sProduct Demo & Case Studies
Promote your product offering to tech buyers.
Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.
Missing:TouchTunes Interactive Networks'sProduct & Differentiators
Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).
Expert Collections containing TouchTunes Interactive Networks
專家集合是analyst-curated列表highlight the companies you need to know in the most important technology spaces.
TouchTunes Interactive Networks is included in1 Expert Collection,includingRestaurant Tech.
Restaurant Tech
1,047 items
Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, cloud kitchens, and more. On-demand food delivery services are excluded from this collection.
TouchTunes Interactive NetworksPatents
TouchTunes Interactive Networks has filed 139 patents.
The 3 most popular patent topics include:
- Social networking services
- Audio engineering
- Streaming music services
Application Date |
Grant Date |
Title |
Related Topics |
Status |
---|---|---|---|---|
3/16/2021 |
12/27/2022 |
Social networking services, Network protocols, Wireless networking, Video on demand services, Videotelephony |
Grant |
Application Date |
3/16/2021 |
---|---|
Grant Date |
12/27/2022 |
Title |
|
Related Topics |
Social networking services, Network protocols, Wireless networking, Video on demand services, Videotelephony |
Status |
Grant |
LatestTouchTunes Interactive NetworksNews
Apr 2, 2015
朋友(57)2011年8月17日,226 0評論的看法TouchTunes Interactive Networks, a digital jukebox maker, has completed a $45 million Series E funding round that gives the company a pre-money valuation of $300 million, TouchTunes CEO Charles Goldstruck told peHUB. 3i, the UK-based PE firm, is investing $40 million in the company, while VantagePoint Capital Partners, which owns a majority of TouchTunes, is putting in another $5 million, Goldstruck says. This is TouchTunes’ fifth round of funding, says Goldstruck, who declined to reveal the total amount of capital the company has raised to date. Caisse de Depot, the Quebec pension fund, owned a stake, but the Quebec pension fund transferred its interest to VantagePoint in 2006. (Caisse de Depot is still an investor, Goldstruck says. ) TouchTunes was a public company in Canada from 2002 to 2005. In 2006, the company went private when VantagePoint became a majority investor and took over Caisse de Depot’s position. 3i is TouchTunes first outside investor since 2006, Goldstruck says. The $45 million deal closed yesterday, Goldstruck says. VantagePoint owns the biggest chunk of the company (a controlling stake), followed by 3i, which has a minority stake. Goldstruck himself also owns part of TouchTunes. “I’m very happy,” he says. “When you get the capital you need with the right partner that is a good place to be.” New York-based TouchTunes calls itself a digital, interactive out-of-home entertainment network. TouchTunes’ jukeboxes can be found in 50,000 restaurants and bars in North America, including Hooters, TGIF and Buffalo Wild Wings. Goldstruck wouldn’t disclose revenue for TouchTunes. In February, TouchTunes began looking for a strategic investor and tapped GCA Savvian to run the process. A number of parties were interested, including growth investors, buyout firms and some strategics. TouchTunes plans to use the $45 million funding to expand globally (Europe and Asia), for M&A and for product development, Goldstruck says. “We chose 3i because of their global footprint,” he says. 3i has offices in 13 countries including Brazil, China, France, Germany and India. The firm invested in TouchTunes because of its attractive profitability and growth characteristics, says Andrew Olinick, a 3i principal. “They have been gaining locations for a long period of time,” says Olinick. “They have a good business, good growth and good management.” Most of 3i’s deals are for controlling stakes, but the PE firm is no stranger to taking minority stakes. 3i even has a pool, its Growth Capital Fund, of which a “substantial chunk” goes into making minority investments, says Olinick. The Growth Capital Fund raised $1.7 billion in March 2010. With the fund, 3i targets later stage companies that are established and profitable, he says. 3i typically invests $40 million to $200 million per deal in sectors including TMT (technology, media and telecom), business services and industrial growth. When asked if 3i planned to increase its investment in TouchTunes to a majority, Olinick said: “In the recent past, we have just done minority. We haven’t done minority to control.” 3i did not use an outside investment bank. GCA Savvian team members Richard Jasen, John Lambros, Jimmy Orozco, Cliff Platt and Yuji Maruyama provided financial advice to TouchTunes. Leave a Reply
TouchTunes Interactive NetworksFrequently Asked Questions (FAQ)
When was TouchTunes Interactive Networks founded?
TouchTunes Interactive Networks was founded in 1990.
Where is TouchTunes Interactive Networks's headquarters?
TouchTunes Interactive Networks's headquarters is located at 850 Third Ave., New York.
What is TouchTunes Interactive Networks's latest funding round?
TouchTunes Interactive Networks's latest funding round is Acq - Fin - II.
How much did TouchTunes Interactive Networks raise?
TouchTunes Interactive Networks raised a total of $65.33M.
Who are the investors of TouchTunes Interactive Networks?
Investors of TouchTunes Interactive Networks include TA Associates, Searchlight Capital Partners, 3i Group, VantagePoint Capital Partners, CDP Capital and 4 more.
Who are TouchTunes Interactive Networks's competitors?
Competitors of TouchTunes Interactive Networks include Ecast.
Compare TouchTunes Interactive Networks to Competitors
Ecast is a broadband touchscreen media network in the United States, providing digital music to bars and nightclub. Utilizing the speed and scalability of broadband, Ecast delivers music, advertising and other forms of entertainment to the young-adults responsible for affecting purchasing decisions and consumer trends.
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.