UK-based Lounge raises $4M for Gen Z community social platform eclipsing Facebook — TFN

Lounge, a UK-based community platform, has secured $4 million in funding led by Square Peg, with participation from Carthona Capital and private investors. Founded in 2022, Lounge aims to provide a positive and distraction-free space for Gen Z to organize events and groups, capitalizing on Facebook's declining popularity among younger generations. The funding will be used to expand the team and enhance the platform's functionality.

Lounge Raises $4 Million for Gen Z Community Platform

Lounge is a UK-based digital platform that allows users to organize events and groups in seconds, without a newsfeed. It is focused on building 'tech for good', giving young people a space to organize groups and events without the noise and toxicity of traditional social media. The platform enables users to create communities and discover groups, with the idea being there are no other app functionalities to distract them from connecting with others. Lounge is making waves in Gen Z community-organisation taking ground in the space left by Facebook’s decline among the under-30s.

A digital platform for organizing events and groups without a newsfeed, focused on building a positive space for Gen Z.

2 years ago

Lounge Raises $4 Million for Gen Z Community Platform

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