About Loon
Loon is a company based in Mountain View (United States) founded in 2018. Loon has raised $125 million across 1 funding round from investors including HAPS MOBILE. Loon operates in a competitive market with competitors including Altaeros, HAPS MOBILE and VAAL Airships, among others.
- Headquarter Mountain View, United States
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Sectors
Telecommunications
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$125 M (USD)
in 1 rounds
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Latest Funding Round
$125 M (USD), Series B
Apr 25, 2019
- Investors
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Employee Count
Not available
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People of Loon
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Software Development Team
64 people
Leadership Team
16 people
Product Management Team
13 people
Machine Team
7 people
Hardware Team
6 people
Human Resources and Administration
6 people
Project Team
6 people
C Team
6 people
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Funding Insights of Loon
Loon has successfully raised a total of $125M through 1 strategic funding round. The most recent funding activity was a Series B round of $125 million completed in April 2019. 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.
Investors in Loon
Loon has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include HAPS MOBILE.
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Operates unmanned aircraft to deliver telecommunications connectivity from the stratosphere.
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Investor details for Loon
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Investments & Acquisitions by Loon
Investment portfolio details for Loon
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Financial Statements - Loon
Detailed financials for Loon
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Loon Comparisons
Peer comparison for Loon
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Competitors of Loon
Loon 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 Altaeros, HAPS MOBILE and VAAL Airships, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of wireless network infrastructure solutions
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Operates unmanned aircraft to deliver telecommunications connectivity from the stratosphere.
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Drone-based high-altitude platforms for network connectivity and surveillance are provided.
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Detailed competitors of Loon
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Latest news on Loon
Complete news archive for Loon
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Frequently Asked Questions about Loon
Loon was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Loon is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Alastair Westgarth is the current CEO of Loon.
Loon is a funded company, having raised a total of $125M across 1 funding round to date.
Loon was established in 2018 and is headquartered in Mountain View, United States. Operations focus on the telecommunications sector, where broadband internet services are delivered via innovative technologies to underserved populations. Coverage extends to rural and remote regions globally, addressing connectivity gaps. Leadership is provided by CEO Alastair Westgarth, with the companys domain registered as loon.com.
Loon's top competitors include Altaeros, VAAL Airships and HAPS MOBILE.
Loon has 1 investor. Key investors include HAPS MOBILE.