About Lounge
Lounge is a company based in Bristol (United Kingdom) founded in 2002 by Dave Reid, Alex Reilley, and Jake Bishop was acquired by Lion Capital in December 2016. It operates as a Direct-to-Consumer (D2C). Lounge has raised $25.4 million across 1 funding round from investors including Piper and Lion Capital. The company has 5,637 employees as of April 30, 2022. Lounge offers products and services including All-Day Dining and Cocktail Club.
- Headquarter Bristol, United Kingdom
- Employees 5637 as on 30 Apr, 2022
- Founders Dave Reid, Alex Reilley, Jake Bishop
- Stage Public
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Loungers
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25.4 M (USD)
in 1 rounds
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Latest Funding Round
$25.4 M (USD), Private Equity Round
Apr 10, 2012
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Investors
Piper
& 1 more
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Employee Count
5637
as on Apr 30, 2022
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Acquired by
Lion Capital
(Dec 20, 2016)
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Products & Services of Lounge
Lounge offers a comprehensive portfolio of products and services, including All-Day Dining and Cocktail Club. 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.
All-day meals including breakfast, lunch, and dinner are served.
Cocktails are offered at discounted rates during specific hours.
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Funding Insights of Lounge
Lounge has successfully raised a total of $25.4M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $25.4 million completed in April 2012. 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 1
- Last Round Private Equity Round — $25.4M
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First Round
First Round
(10 Apr 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2012 | Amount | Private Equity Round - Lounge | Valuation | Piper |
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| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lounge
Lounge has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Piper and Lion Capital. 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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Piper is engaged in building and investing in brand legends.
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Founded Year | Domain | Location | |
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Private equity firm focused on consumer brands
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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 Lounge
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 |
Financial Statements - Lounge
| 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lounge Comparisons
Competitors of Lounge
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| 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.
|
Frequently Asked Questions about Lounge
When was Lounge founded?
Lounge was founded in 2002 and raised its 1st funding round 10 years after it was founded.
Where is Lounge located?
Lounge is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.
Is Lounge a funded company?
Lounge is a funded company, having raised a total of $25.4M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $25.4M, raised on Apr 10, 2012.
How many employees does Lounge have?
As of Apr 30, 2022, the latest employee count at Lounge is 5,637.
What does Lounge do?
A network of neighborhood cafes and bars is operated across the UK, providing all-day dining options such as breakfast, lunch, and dinner. Unique atmospheres are created in each location with distinctive decor. Community engagement is emphasized through partnerships with local charities. Special promotions and events like cocktail clubs and festive menus are offered to enhance customer experience in the hospitality sector.
What products or services does Lounge offer?
Lounge offers All-Day Dining and Cocktail Club.
Who are Lounge's investors?
Lounge has 2 investors. Key investors include Piper, and Lion Capital.