About Loungers
Loungers is a company based in Bristol (United Kingdom) founded in 2002 was acquired by Fortress Investment in November 2024.. Loungers has raised $79.88 million across 2 funding rounds from investors including Fortress Investment. Loungers operates in a competitive market with competitors including The Restaurant Group, Leon Restaurants, YUM! Brands, Dishoom and YOUNG’S, among others.
- Headquarter Bristol, United Kingdom
- 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
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- Legal Name Loungers Plc
- Date of Incorporation 28 Mar, 2019
- Jurisdiction BRISTOL
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$79.88 M (USD)
in 2 rounds
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Latest Funding Round
$10.23 M (USD), Post-IPO
Apr 23, 2020
- Investors
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Employee Count
Employee Count
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Acquired by
Fortress Investment
(Nov 28, 2024)
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Funding Insights of Loungers
Loungers has successfully raised a total of $79.88M across 2 strategic funding rounds. The most recent funding activity was a Post-IPO round of $10.23 million completed in April 2020. 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 Post-IPO — $10.2M
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First Round
First Round
(24 Apr 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Post-IPO - Loungers | Valuation |
investors |
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| Apr, 2019 | Amount | Series C - Loungers | Valuation |
investors |
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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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Loungers
Loungers has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Fortress Investment. 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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Provider of credit, private equity, and capital investment services
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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 Loungers
| 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 - Loungers
| 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 |
Loungers Comparisons
Competitors of Loungers
Loungers 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 The Restaurant Group, Leon Restaurants, YUM! Brands, Dishoom and YOUNG’S, 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 |
Hundreds of restaurants and pubs are operated across the UK.
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| domain | founded_year | HQ Location |
Quick service restaurant chain
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| domain | founded_year | HQ Location |
Restaurants chains
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| domain | founded_year | HQ Location |
Multi-category food is served by a chain of limited-service restaurants.
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| domain | founded_year | HQ Location |
A chain of restaurants is operated, offering food and drinks.
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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 Loungers
Frequently Asked Questions about Loungers
When was Loungers founded?
Loungers was founded in 2002 and raised its 1st funding round 17 years after it was founded.
Where is Loungers located?
Loungers is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.
Is Loungers a funded company?
Loungers is a funded company, having raised a total of $79.88M across 2 funding rounds to date. The company's 1st funding round was a Series C of $79.88M, raised on Apr 24, 2019.
What does Loungers do?
Loungers, based in Bristol, focuses on food and agriculture, food service chains, restaurants, and diversified. Chain of restaurant operates cafe-bar and dining serving food beverages products. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Loungers?
Loungers's top competitors include The Restaurant Group, YUM! Brands and YOUNG’S.
Who are Loungers's investors?
Loungers has 1 investor. Key investors include Fortress Investment.