Burger Lounge Eyes Expansion Following Growth Investment

San Diego, California
San Diego-based Burger Lounge today announced that it has received a growth investment from KarpReilly, LLC. Burger Lounge is a fast casual dining concept offering award-winning grass-fed beef burgers, salads, and other premium offerings in an appealing, contemporary setting. Founded in 2007 by J Dean Loring and Michael Gilligan, the Company opened its first location in La Jolla, California. Today, Burger Lounge operates five restaurants in the San Diego area, with two additional units scheduled to open this summer, including its first in the Los Angeles market. “For us, what makes the partnership with KarpReilly so attractive is their depth of experience in the consumer space and with growth restaurants in particular,” said Dean Loring. “Burger Lounge is an exciting concept that has really resonated with consumers,” said Allan Karp, founder, KarpReilly. “We believe a tremendous opportunity exists to grow the business, and look forward to working with Dean and Mike to realize that potential.”

About KarpReilly
KarpReilly, LLC is a private investment firm, founded by Allan Karp and Chris Reilly, whose primary mission is to partner with premier small to mid-size growth companies and help them achieve their long-term vision. KarpReilly currently manages funds and affiliates with initial capital commitments totaling $310 million. Over the past 15 years, the principals of KarpReilly have invested in, sat on the boards of and nurtured over 25 consumer growth companies. Some of the notable restaurant companies that the principals of KarpReilly have invested in are Marie Callender’s, Mimi’s Café, Café Rio, the Habit Burger Grill, and Café Zupas, among others. For more information, please visit: www.karpreilly.com