Lounge Innovations Inc. Secures Seed Funding to Advance LounGenie Development
October 8, 2021 | North York, ON
Lounge Innovations Inc. announced the successful closing of a $750,000 seed funding round led by technology-focused investors with experience in the hospitality sector. The capital will accelerate LounGenie product development, fund prototype manufacturing and support initial market validation activities with hospitality properties.
The seed investment validates the market opportunity for poolside revenue-generating solutions in the hospitality industry. Lounge Innovations will use the funding to complete detailed product specifications, establish manufacturing partnerships and conduct comprehensive beta testing with select hospitality properties.
Lounge Innovations Inc. · 906 Magnetic Drive, North York, ON M3J 2C4 · info@loungeinnovations.com · 1 (416) 630-2444
This press release contains forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking information.