Mobile app and venue platform LineLeap nabs $200 million valuation following funding round
LineLeap, a platform pitched at bars, venues, and brands, has announced the close of a funding round valuing the company at $200 million and bringing total capital raised to over $30 million.
The venture is backed by the likes of Y Combinator, The Chainsmokers, NHL and NFL owners, and entertainment industry execs.
Founded in 2017 by Patrick Skelly, Nick Becker, and Max Schauff, LineLeap began as a solution to a common college problem: long lines at bars. It now powers over 700 venues across 150+ US cities and campuses and serves a community of more than 1.5 million users that took it to number six in social networking and number 42 overall in the US App Store charts this year.
“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,” says Skelly.
The company’s mobile app enables users to skip long lines, pay for cover, buy event tickets, and access exclusive offers at bars and venues.
Investor and artist Alex Pall of The Chainsmokers says: “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.”
2025 RTIH INNOVATION AWARDS
Hospitality and leisure was a key focus area at the 2025 RTIH Innovation Awards.
We received a record number of entries and many fantastic examples of the continued resilience and dynamism of the retail space during hugely challenging times.
For a full rundown of all of the shortlisted entries, click here.
Our 2025 hall of fame entrants were revealed during a sold out event which took place at The HAC in Central London on 16th October and consisted of a drinks reception, three course meal, and awards ceremony presided over by award winning comedian, actress and writer Tiff Stevenson.
In his welcome speech, Scott Thompson, Founder and Editor, RTIH, said: “This is the awards’ fifth year as a physical event. We started off with just 30 people at the South Place Hotel not far from here, then moved to London Bridge Hotel, then The Barbican, and last year RIBA’s HQ in the West End.”
“But I’m conscious of the fact that, to quote the legend that is Taylor Swift, You’re only as hot as your last hit, baby. So, this year we’ve moved to our biggest venue yet, and also pulled in our largest number of entries to date and broken attendance records.”
He added: “This year’s submissions have without doubt been our best yet. To quote one of the judges: The examples of innovative developments across both traditional and digital retail spaces were truly remarkable.”
Congratulations to our winners, and a big thank you to our sponsors, judging panel, the legend that is Tiff Stevenson, and all those who attended our 2025 gathering.
Continue reading…