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
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Net Profit
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EBITDA
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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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $125.0M
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First Round
First Round
(25 Apr 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Series B - Loon | Valuation | HAPS MOBILE |
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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 Loon
Loon has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include HAPS MOBILE. 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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Operates unmanned aircraft to deliver telecommunications connectivity from the stratosphere.
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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 Loon
| 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 - Loon
| 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 |
Loon Comparisons
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. 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 wireless network infrastructure solutions
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| domain | founded_year | HQ Location |
Operates unmanned aircraft to deliver telecommunications connectivity from the stratosphere.
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| domain | founded_year | HQ Location |
Drone-based high-altitude platforms for network connectivity and surveillance are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Loon
Frequently Asked Questions about Loon
When was Loon founded?
Loon was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Loon located?
Loon is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Who is the current CEO of Loon?
Alastair Westgarth is the current CEO of Loon.
Is Loon a funded company?
Loon is a funded company, having raised a total of $125M across 1 funding round to date. The company's 1st funding round was a Series B of $125M, raised on Apr 25, 2019.
What does Loon do?
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.
Who are the top competitors of Loon?
Loon's top competitors include Altaeros, VAAL Airships and HAPS MOBILE.
Who are Loon's investors?
Loon has 1 investor. Key investors include HAPS MOBILE.
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