Javelin Venture Partners leads round in a Splash LA finalist
We're always proud to share good news about finalists at our Splash events.
This summer, Plug.dj was one of the top 10 finalists at our Splash LA competition. The startup just revealed that it's raised $1.25 million in funding, led by Javelin Venture Partners. The LA-based company, which was founded in February 2012, allows users to curate content while allowing others to discover it. Much like Turntable.fm, Plug.dj lets users go to different rooms to experience music and video collections collected by other users.
The company now has several million users across 190 different countries, with an average user spending more than an hour on the site.
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Plug.dj's mission is dedicated to growing positive international communities for sharing and discovering music.
We enable people from all around the world to connect via shared interests and socially consume music/videos in realtime. Our users choose from a wide array of expressive characters, join any number of virtual rooms where they can discover and share music and videos, and communicate with international cohorts.
Our average user spends 2 hrs 30 min on the site per visit while actively engaging in the social consumption of videos and music, gaming mechanics, international chat and social media integration that leaves the user with a positive experience.
In December 2013, we raised $1.25m from Javelin Venture Partners.
Here's a few quick highlights of our progress over the past 6 months:
- Organically grown our community to +3.8m registered users in +190 countries (940k MAU up 54% last 6 months)
- Average active user engagement +2 hrs 30 min (up from 48 min last 6 months)
- Retention: 7D: 48%, 30d: 35%
- Plug.dj is already localized into +20 languages
- Solid, well-rounded team of 4 engineers, 2 designers/artists, 2 marketing/community, 1 BD/sales (from founding team last 6 months)