Hangout.fm raises $8M to launch virtual rooms and virtual goods for social music

Hangout.fm is bringing back the days of musical entertainment with its all-digital platform that is like a Roblox for music.

It’s like a virtual nightclub that allows people to create virtual rooms with human DJs — spaces where they can listen to music and enjoy things like virtual disco balls, competition leaderboards, DJ battles and virtual goods. The company has also raised $8 million. So far, Founders Fund and others are investors.