About Loftie
Loftie is a company based in United States founded in 2018 by Matthew Hassett.. Loftie has raised $4.33 million across 1 funding round. Loftie operates in a competitive market with competitors including Oura, Muse, Biotricity, Nyxoah and SleepScore Labs, among others.
- Headquarter United States
- Founders Matthew Hassett
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Sectors
HealthcareTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Loftie, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.33 M (USD)
in 1 rounds
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Latest Funding Round
$4.33 M (USD), Series A
Oct 18, 2024
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Investors
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Employee Count
Employee Count
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Funding Insights of Loftie
Loftie has successfully raised a total of $4.33M through 1 strategic funding round. The most recent funding activity was a Series A round of $4.33 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $4.3M
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First Round
First Round
(18 Oct 2024)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series A - Loftie | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Loftie
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Loftie
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Loftie Comparisons
Competitors of Loftie
Loftie operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Oura, Muse, Biotricity, Nyxoah and SleepScore Labs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Health-tracking smart rings and biosensors are developed for biometric monitoring.
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| domain | founded_year | HQ Location |
EEG-powered headbands for meditation and sleep biofeedback are developed.
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| domain | founded_year | HQ Location |
Developer of medical remote monitoring solutions that help prevent and manage chronic diseases
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| domain | founded_year | HQ Location |
Provider of a neurostimulation device for obstructive sleep apnea treatments
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| domain | founded_year | HQ Location |
Sleep quality is monitored via bedside devices and mobile apps.
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| domain | founded_year | HQ Location |
Sleep quality is monitored via Dreem's wearable EEG device.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Loftie
Frequently Asked Questions about Loftie
When was Loftie founded?
Loftie was founded in 2018 and raised its 1st funding round 6 years after it was founded.
Where is Loftie located?
Loftie is headquartered in United States.
Who is the current CEO of Loftie?
Matthew Hassett is the current CEO of Loftie. They have also founded this company.
Is Loftie a funded company?
Loftie is a funded company, having raised a total of $4.33M across 1 funding round to date. The company's 1st funding round was a Series A of $4.33M, raised on Oct 18, 2024.
What does Loftie do?
Loftie was founded in 2018 in the United States by Matthew Hassett, who serves as CEO. Operations focus on the wellness technology sector, where a specialized device is developed to facilitate meditation through music. The product is distributed via the companys domain, byloftie.com, targeting users seeking audio-guided relaxation practices. Activities remain centered in the U.S., with emphasis on hardware solutions for mental health support.