# Lounge

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lounge

- Industry: Internet
- Headquarters: London, UK
- Website: www.about.lounge.live/
- Total disclosed funding: $3.8M
- Latest round: Seed (Feb 2, 2023)
- Investors on record: 2

## About

Based in London, UK, and founded in 2021, ScaleTech Ltd. trading under the name Lounge operates as a social media platform to organise groups and events. In November 2023, ScaleTech Ltd raised USD 4 million in seed funding led by Square Peg, with participation from Carthona Capital.

Lounge is a mobile app that allows users to organize events and groups in a private and distraction-free environment. The app does not have a newsfeed, so users are not exposed to irrelevant content. The company is also encrypted and secure, and it complies with GDPR. With Lounge, users can create events and groups in seconds, invite anyone to join, manage RSVPs, take polls, chat, share playlists, create shared albums, settle up, and more. The companmy's app is suitable for clubs, societies, and anyone who wants to organize events and groups without the distractions of social media.

## Funding rounds

- Seed, Feb 2, 2023, $3.8M — Square Peg, Carthona Capital

## Investors

- Square Peg (https://capitalatlas.ai/funds/square-peg) — Seed
- Carthona Capital (https://capitalatlas.ai/funds/carthona-capital) — Seed