About LOOM
LOOM is a company based in Los Angeles (United States) founded in 2020 by Erica Chidi and Quinn Lundberg was acquired by Perelel in October 2024.. LOOM has raised $3 million across 1 funding round from investors including Perelel and Slow Ventures. LOOM operates in a competitive market with competitors including Kama, Emjoy, Coral, Aidshilfe and O.school, among others.
- Headquarter Los Angeles, United States
- Founders Erica Chidi, Quinn Lundberg
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Loom Hq, Inc.
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Advisor Team
4 people
Leadership Team
3 people
Product Management Team
1 people
Operations Team
1 people
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Funding Insights of LOOM
LOOM has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Seed round of $3 million completed in July 2020. 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 Seed — $3.0M
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First Round
First Round
(31 Jul 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Seed - LOOM | Valuation | Slow Ventures |
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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 |
Investors in LOOM
LOOM has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Perelel and Slow Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage tech investments are made primarily in US companies.
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Founded Year | Domain | Location | |
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Vitamin supplements are manufactured by Perelel for health applications.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LOOM
| 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 - LOOM
| 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 |
Loom Comparisons
Competitors of LOOM
LOOM 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 Kama, Emjoy, Coral, Aidshilfe and O.school, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of sexual wellness coaching and educational resources. This platform offers video tutorials, audio guides, and community interaction focused on improving intimacy and pleasure. The curriculum incorporates various approaches, including somatic awareness, neuroplasticity principles, and ancient wisdom traditions. Coaches with expertise in bodywork, psychotherapy, and sexology provide guidance. The platform aims to create a safe space for learning and exploration of sexual health and well-being.
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| domain | founded_year | HQ Location |
An app is provided for women's healthcare and information services.
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| domain | founded_year | HQ Location |
A digital tool for improving intimacy and communication is provided.
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| domain | founded_year | HQ Location |
Medical information on HIV, AIDS, and STDs is provided online.
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| domain | founded_year | HQ Location |
Online resources for sex education and health queries are provided.
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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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Frequently Asked Questions about LOOM
When was LOOM founded?
LOOM was founded in 2020.
Where is LOOM located?
LOOM is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of LOOM?
Erica Chidi is the current CEO of LOOM. They have also founded this company.
Is LOOM a funded company?
LOOM is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Seed of $3M, raised on Jul 31, 2020.
What does LOOM do?
Loom was founded in 2020 in Los Angeles, United States, as an online health information platform focused on sexual well-being. Information on topics including periods, sex, pregnancy, and menopause is provided through educational resources. Operations center on digital delivery of content to users seeking health guidance in the wellness sector. The company is led by co-founders Erica Chidi as CEO and Quinn Lundberg.
Who are LOOM's investors?
LOOM has 2 investors. Key investors include Perelel, and Slow Ventures.
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