Venue Group LLC
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Venue Group LLC - overview
Established
2016
Location
London, -, UK
Primary Industry
Travel & Leisure
About
Based in London, UK, and founded in 2016 by Ben Lovett and his brother Greg Lovett, Venue Group LLC, dba TVG hospitality, creates hospitality concepts across multiple countries. In February 2022, Venue Group LLC raised USD 50 million in venture funding led by Gibson Guitars including C3 Presents, LLC, Oak View Group, and other individual investors. As of 2022, Ben Lovett is the CEO of the company. The company provides the incorporation of music venues as well as the development of multi-national entertainment projects.
The firm’s current portfolio includes London music venues, Omeara, Lafayette, the Social, and the broader hospitality offerings at Flat Iron Square and Goods Way. The organization intends to use the February 2022 funding to hire employees and to develop several other projects in the United States and the United Kingdom, including in Washington, DC, London, Nashville, Austin, Detroit, New York, and Los Angeles.
Current Investors
Gibson, Inc., Goldman Sachs Asset Management, LionTree
Primary Industry
Travel & Leisure
Sub Industries
Hospitality Services, Recreational & Entertainment Facilities
Website
www.tvghospitality.com
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Venue Group LLC - timeline of key events
Venue Group LLC - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Jan 02, 2022 | Jan 01, 2023 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 7,555,241 | 7,616,753 | 2,590,327 | - | - | - |
| % Revenue Growth (YoY) | - | 0.8% | (66.0%) | - | - | - |
| EBITDA (USD) | (173,596) | (373,873) | (680,005) | - | - | - |
| Operating Income (USD) | (207,843) | (510,453) | (981,681) | - | - | - |
| Operating Margin | (2.8%) | (6.7%) | (37.9%) | - | - | - |
| % EBITDA Margin | (2.3%) | (4.9%) | (26.3%) | - | - | - |
| NET Income (USD) | (172,165) | (546,796) | (1,002,419) | - | - | - |
| % Net Margin | (2.3%) | (7.2%) | (38.7%) | - | - | - |
Venue Group LLC - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.