Total amount raised
$609.5 Millions
Latest funding date
01/01/2025
Location
Soho House has successfully raised funding through multiple rounds, with notable investors including Third Point and Simon Property Group. The company operates as a private members' club, offering a range of amenities and services to its creative community.
Keep reading to explore the intricacies of Soho House's fundraising journey and the investors backing this unique platform.
What Is Soho House?
Soho House, founded by Nick Jones on May 12, 1996, in London, England, is a global private members' club for creatives. The club offers a variety of amenities, including club spaces, spas, gyms, pools, and bedrooms, providing a home away from home for its members. With a workforce of 5001-10000 employees, Soho House continues to cater to the needs of its creative community.
How Much Funding Has Soho House Raised?
- Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: January 2025
- Lead Investors: Third Point
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and expansion efforts.
- Private Equity Round
- Amount Raised: $100M
- Date: October 2019
- Lead Investors: Simon Property Group
- Valuation at Round: $2 billion
- Motivation Behind the Round: To expand its global network of private members' clubs and hotels.
- Debt Financing
- Amount Raised: £375M
- Date: April 2017
- Lead Investors: Permira Credit
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refinance existing debt and support expansion plans.
- Debt Financing
- Amount Raised: Not publicly disclosed
- Date: January 2013
- Lead Investors: Permira Credit
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To manage financial obligations and support growth.
- Private Equity Round
- Amount Raised: £15M
- Date: April 2005
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund early-stage growth and development.
Total Amount Raised: $100M + £390M
Current Valuation: $2 billion
Key Investors
- Third Point
- Details: Third Point is a hedge fund founded by Daniel S. Loeb. It is known for its activist investing strategies.
- Investment Focus Areas: Technology, healthcare, consumer
- Notable Investments: Yahoo, Sony, Nestle
- Simon Property Group
- Details: Simon Property Group is a real estate investment trust (REIT) and the largest shopping mall operator in the U.S. The company focuses on owning and managing premier shopping, dining, entertainment, and mixed-use destinations.
- Investment Focus Areas: Retail, real estate, shopping centers
- Notable Investments: Taubman Centers, J.C. Penney, Forever 21
- Permira Credit
- Details: Permira Credit is a global investment firm focused on private equity and credit. It provides long-term capital to businesses across various sectors.
- Investment Focus Areas: Consumer, technology, healthcare
- Notable Investments: Dr. Martens, Hugo Boss, Genesys
- Ron Burkle
- Details: Ron Burkle is a billionaire and the owner of the investment fund Yucaipa. He took a majority stake in Soho House for $321 million in January 2012.
- Investment Focus Areas: Hospitality and private members' clubs, technology firms, sports
- Notable Investments: Airbnb, Uber, NHL’s Pittsburgh Penguins
- Raycliff Capital
- Details: Raycliff Capital was founded by entrepreneur Bippy Siegal. The firm participated in the new equity investment in Soho House.
- Investment Focus Areas: Not explicitly detailed, but implied to be interested in hospitality and real estate
- Notable Investments: Soho House
What's Next for Soho House?
Soho House is poised for significant growth with plans to expand its global network of hotels and private members' clubs. The company aims to open new venues in major cities like Paris, Austin, and Mykonos, capitalizing on the increasing demand for exclusive, high-end hospitality experiences. Additionally, the launch of "Soho Works," a global workspace chain, presents a substantial opportunity to tap into the growing co-working space market.
Future fundraising efforts are likely, given the ambitious expansion plans and recent successful investments. However, Soho House faces challenges, including managing its substantial debt and differentiating "Soho Works" in a competitive market. Addressing these issues will be crucial for sustaining growth and achieving long-term success.
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