About LoungeBuddy
LoungeBuddy is a company based in San Francisco (United States) founded in 2013 was acquired by American Express in March 2019.. LoungeBuddy has raised $3 million across 2 funding rounds from investors including American Express, Founders Fund and Stephen Mendel. The company has 16 employees as of December 31, 2022. LoungeBuddy operates in a competitive market with competitors including Faye, DragonPass, Priority Pass, Flio and Flyzy, among others.
- Headquarter San Francisco, United States
- Employees 16 as on 31 Dec, 2022
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Loungebuddy, 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
$3 M (USD)
in 2 rounds
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Latest Funding Round
$3 M (USD), Series A
Feb 24, 2015
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Investors
American Express
& 4 more
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Employee Count
16
as on Dec 31, 2022
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Acquired by
American Express
(Mar 12, 2019)
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Leadership Team
492 people
Software Development Team
373 people
Senior Team
132 people
Sales and Marketing
128 people
Product Management Team
69 people
Finance and Accounting
46 people
Data Analysis and Operations Team
42 people
Legal and Compliance
37 people
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Funding Insights of LoungeBuddy
LoungeBuddy has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in February 2015. 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 2
- Last Round Series A — $3.0M
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First Round
First Round
(30 Oct 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2015 | Amount | Series A - LoungeBuddy | Valuation |
investors |
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| Oct, 2014 | Amount | Grant - LoungeBuddy | 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 LoungeBuddy
LoungeBuddy has secured backing from 5 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include American Express, Founders Fund and Stephen Mendel. 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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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Financial products for individuals and businesses are compared online.
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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 LoungeBuddy
| 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 |
Financial Statements - LoungeBuddy
| 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 |
Loungebuddy Comparisons
Competitors of LoungeBuddy
LoungeBuddy 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 Faye, DragonPass, Priority Pass, Flio and Flyzy, 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 |
Travel insurance is provided through an app-based platform.
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| domain | founded_year | HQ Location |
An all-in-one digital platform for travel amenities is provided.
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| domain | founded_year | HQ Location |
Provides independent access to airport lounges for travelers worldwide.
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| domain | founded_year | HQ Location |
Airline assistance for travelers is delivered through a mobile app.
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| domain | founded_year | HQ Location |
Online travel companion app for air travelers
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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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Frequently Asked Questions about LoungeBuddy
When was LoungeBuddy founded?
LoungeBuddy was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is LoungeBuddy located?
LoungeBuddy is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is LoungeBuddy a funded company?
LoungeBuddy is a funded company, having raised a total of $3M across 2 funding rounds to date. The company's 1st funding round was a Grant of $50K, raised on Oct 30, 2014.
How many employees does LoungeBuddy have?
As of Dec 31, 2022, the latest employee count at LoungeBuddy is 16.
What does LoungeBuddy do?
LoungeBuddy was established in 2013 in San Francisco, United States, within the travel technology sector. An iOS application is provided to deliver details on airport lounges and enable reservations. Access to lounges along travel itineraries is determined, including spots for eating, relaxation, or work at airports. By November 2015, operations covered 2,500 lounges across more than 800 airports globally.
Who are the top competitors of LoungeBuddy?
LoungeBuddy's top competitors include Faye, DragonPass and Flyzy.
Who are LoungeBuddy's investors?
LoungeBuddy has 5 investors. Key investors include American Express, Founders Fund, Stephen Mendel, Robert Cohen, and Devcon.
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