Hangout Industries Obtains $2,000,000 New Financing Round

  • Feed Type
  • Date
    3/31/2010
  • Company Name
    Hangout Industries
  • Mailing Address
    110 Chauncy Street Boston, MA 02111
  • Company Description
    Now you can customize your own room, fully interact with friends and your favorite brands, and share media experiences in an immersive 3D environment. Hangout helps My Space become My Place and offers:Fully customizable rooms- choose your furniture, wall colors, anything
    Dress your avatar – mowhawk, high heels, thousands of t-shirtsCover the walls – put up your Facebook photos or choose from hundreds of thousands of posters from Art.comWatch YouTube videos with your friends or listen to a playlist of music you like
    Interact with the brands your love – Monster Energy, SkullCandy, CELCIUS
    Play games with your friends – beat their high score, earn coin, and bragMake totally new furniture – bend the legs, stretch the cushions, get creativeHangout – chat, voice chat, or just check each other out.
  • Website
    http://www.hangout.net/
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $2,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Highland Capital Partners
  • Venture Investor
    Polaris Venture Partners

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