Lateral
Multi-brand platform of premium Spanish restaurants chains
SECTOR
Restaurants
INVESTMENT STATUS
Current
YEAR OF INVESTMENT
2017
HEADQUARTERS
Spain
Lateral was founded in 1997 by four entrepreneurs with a concept of offering traditional tapas in a modern environment. The first Lateral restaurant opened in Paseo de la Castellana, one of Madrid’s main streets, almost 20 years ago. The brand subsequently expanded to other prime locations in Madrid city centre, including 2 flagship restaurants (Castellana 42 and Castellana 89), which have contributed to the development of its strong brand awareness particularly in the Madrid region.
Lateral now operates 16 restaurants, mostly in Madrid but with presence across all major Spanish cities.
In 2022 Lateral acquired Foodbox, a Spanish multi-brand platform of restaurant chains. The group includes five brands, all with very complementary concepts to Lateral: Santagloria & L’Obrador (premium coffee & bakery), Taberna del Volapié (Traditional Spanish Taberna), Papizza (“Pizza al Taglio”) and MasQMenos (Tapas). The group has almost 200 restaurants in Spain, with the vast majority of them being franchisees.