About Lola
Lola is a company based in Boston (United States) founded in 2015 was acquired by Capital One in October 2021.. Lola has raised $96.7 million across 5 funding rounds from investors including Capital One, Accel and General Catalyst. The company has 28 employees as of December 31, 2022. Lola has completed 1 acquisition, including Room77. Lola offers products and services including Lola Dating App. Lola operates in a competitive market with competitors including TravelPerk, Deem, Egencia, Comtravo and Lanes & Planes, among others.
- Headquarter Boston, United States
- Employees 28 as on 31 Dec, 2022
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Sectors
Travel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lola Travel Company, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$96.7 M (USD)
in 5 rounds
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Latest Funding Round
$37 M (USD), Series C
Mar 22, 2019
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Investors
Capital One
& 5 more
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Employee Count
28
as on Dec 31, 2022
- Investments & Acquisitions
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Acquired by
Capital One
(Oct 08, 2021)
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Products & Services of Lola
Lola offers a comprehensive portfolio of products and services, including Lola Dating App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile app for matching users based on schedule availability for dates
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Software Development Team
420 people
Leadership Team
173 people
Product Management Team
107 people
Human Resources and Administration
47 people
Senior Team
45 people
Sales and Marketing
31 people
Legal and Compliance
27 people
Finance and Accounting
23 people
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Funding Insights of Lola
Lola has successfully raised a total of $96.7M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $37 million completed in March 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $37.0M
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First Round
First Round
(06 Apr 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Series C - Lola | Valuation | General Catalyst , Accel | |
| Feb, 2017 | Amount | Series B - Lola | Valuation |
investors |
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| Jan, 2017 | Amount | Series B - Lola | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lola
Lola has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Capital One, Accel and General Catalyst. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lola
Lola has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Room77. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Hotel accommodations are discovered and booked via Room77's online platform.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lola
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lola Comparisons
Competitors of Lola
Lola operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TravelPerk, Deem, Egencia, Comtravo and Lanes & Planes, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS-driven corporate travel management & booking engine platform
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| domain | founded_year | HQ Location |
Provider of corporate travel management solutions
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| domain | founded_year | HQ Location |
Corporate travel solutions are offered to business travelers worldwide.
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| domain | founded_year | HQ Location |
Corporate travel bookings are managed via a text-based online platform.
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| domain | founded_year | HQ Location |
SaaS travel management is offered for business travelers' bookings.
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| domain | founded_year | HQ Location |
Cloud-based expense management and booking tools SMBs
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lola
Frequently Asked Questions about Lola
When was Lola founded?
Lola was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Lola located?
Lola is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Lola a funded company?
Lola is a funded company, having raised a total of $96.7M across 5 funding rounds to date. The company's 1st funding round was a Series B of $15M, raised on Apr 06, 2016.
How many employees does Lola have?
As of Dec 31, 2022, the latest employee count at Lola is 28.
What does Lola do?
Lola was established in 2015 in Boston, United States, as a travel technology company. An app-based service is provided for business travelers, enabling bookings of air tickets, accommodations, and car rentals. Trip planning and management features are included, along with customer support and concierge assistance. The platform operates through iOS and Android applications, accessible via lola.com.
Who are the top competitors of Lola?
Lola's top competitors include TravelPerk, Egencia and Lanes & Planes.
What products or services does Lola offer?
Lola offers Lola Dating App.
How many acquisitions has Lola made?
Lola has made 1 acquisition, including Room77.
Who are Lola's investors?
Lola has 6 investors. Key investors include Capital One, Accel, General Catalyst, Google Ventures, and Tenaya Capital.
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