LineLeap, the leading platform transforming how people experience their favorite bars, venues, and brands, today announced the close of its funding round, valuing the company at $200 million and bringing total capital raised to over $30 million. LineLeap is backed by several strategic investors, including Y Combinator, The Chainsmokers, NHL and NFL owners, and entertainment industry execs.
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LineLeap Co-Founders: Nick Becker, Patrick Skelly, Max Schauff
Founded in 2017 by Patrick Skelly, Nick Becker, and Max Schauff, LineLeap began as a simple solution to a common college problem… long lines at bars. What started as a scrappy MVP built on many nights sleeping in the car while traveling campus-to-campus, has since evolved into a category-defining platform that powers over 700 venues across 150+ cities and campuses and serves a growing community of more than 1.5 million users that surged LineLeap to #6 in Social Networking and #42 overall in the U.S. App Store charts this fall.
“We started LineLeap to solve a problem we experienced firsthand, and it has since grown into a nationwide platform that elevates how venues and brands operate. This milestone is only possible because of the incredible support from our partnered venues, brands, and users. We are just getting started, and we could not be more excited for what we will accomplish together!” said Patrick Skelly, Co-Founder & CEO of LineLeap.
LineLeap’s mobile app enables users to skip long lines, pay for cover, buy event tickets, and access exclusive offers at the top bars and venues nationwide. For venues, LineLeap generates new revenue streams and provides a proprietary CRM to help them market, segment, and communicate directly with their customers like never before.
For brands, LineLeap creates experiences that meet 21+ Gen Z and Millennials at the places, venues, and moments that matter the most. LineLeap is redefining how brands activate with next-up consumers by building new pathways that spark trial, loyalty and keep them coming back.
Investor and artist Alex Pall of The Chainsmokers shared his enthusiasm for the company’s trajectory:
“We are thrilled to be partners and investors in LineLeap. Having spent more time than most people between venues, clubs, bars, and restaurants, we saw an incredible opportunity to marry technology with the hospitality industry in a way that serves both venues and customers. As LineLeap has proven through its growth, there’s tremendous value to capture and create.”
As LineLeap uses the new funds to continue its expansion and product offerings, the company remains focused on its mission: helping people get to the fun, faster, while building the platform and technology that redefine how venues operate and brands connect to consumers.
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Contacts
LineLeap Contact:
Max Schauff
Co-Founder
max@lineleap.com
www.lineleap.com