Lounge Innovations Inc. Completes Series A Funding with Strategic Industry Investors
July 19, 2022 | North York, ON
Lounge Innovations Inc. announced the successful completion of a Series A funding round totaling $3.2 million led by prominent hospitality industry investors and institutional partners. The capital will fund full-scale manufacturing setup, field deployment across North American hospitality properties and expansion of the product development team.
Series A investors include prominent hospitality industry figures, hotel investment groups and technology-focused venture funds. The investment round validates LounGenie’s market opportunity and positions Lounge Innovations for rapid commercialization and market penetration in the hospitality amenities sector.
Lounge Innovations Inc. · 906 Magnetic Drive, North York, ON M3J 2C4 · info@loungeinnovations.com · (416) 630-2444
This press release contains forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking information.