About Loop
Loop is a company based in Chicago (United States) founded in 2004 by Shaosu Liu and Matt McKinney. It operates as a SaaS (Software-as-a-Service) and AI-as-a-Service. Loop has raised $65 million across 4 funding rounds from investors including J P Morgan, Saltwater and Index Ventures. Loop has completed 1 acquisition, including StrategIQ Commerce. Loop offers products and services including Loop Control Suite, Freight and Parcel Audit, Carrier Payments, and Logistics-AI. Loop operates in a competitive market with competitors including PayCargo, LC LITE, Eximchain, BunkerEx and QuikQ, among others.
- Headquarter Chicago, United States
- Founders Shaosu Liu, Matt McKinney
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Sectors
Transportation, Automotive & Logistics
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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
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Total Equity Funding
$65 M (USD)
in 4 rounds
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Latest Funding Round
Not available
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Investors
J P Morgan
& 14 more
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of Loop
Loop offers a comprehensive portfolio of products and services, including Loop Control Suite, Freight and Parcel Audit, Carrier Payments, and Logistics-AI.
Centralized command for managing modern transportation spend effectively.
Automation of 99% freight and parcel audit processes.
Automation of carrier payments for streamlined financial operations.
AI designed for supply chain domain language connection.
People of Loop
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Funding Insights of Loop
Loop has successfully raised a total of $65M across 4 strategic funding rounds. 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 Loop
Loop has secured backing from 15 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include J P Morgan, Saltwater and Index Ventures.
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Venture capital investments in technology startups and entrepreneurs.
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Early-stage investments are provided by Wischoff Ventures.
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Venture capital investments in technology and defense sectors.
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Investor details for Loop
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Investments & Acquisitions by Loop
Loop has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include StrategIQ Commerce.
Investment portfolio details for Loop
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Offers supply chain analytics software for optimized business operations.
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Complete acquisition details for Loop
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Financial Statements - Loop
Detailed financials for Loop
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Loop Comparisons
Peer comparison for Loop
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Competitors of Loop
Loop 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 PayCargo, LC LITE, Eximchain, BunkerEx and QuikQ, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cargo payment solutions are provided for logistics and shipping.
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Supply chain solution and service provider
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Online platform delivering sports news and articles on football updates.
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Online brokerage platform for ship bunkering services is operated.
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Fuel payment solutions are offered for logistics truckers.
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Detailed competitors of Loop
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Latest news on Loop
Complete news archive for Loop
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Frequently Asked Questions about Loop
Loop was founded in 2004 and raised its 1st funding round 17 years after it was founded.
Loop is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Matt McKinney is the current CEO of Loop. They have also founded this company.
Loop is a funded company, having raised a total of $65M across 4 funding rounds to date.
Loop is engaged in providing modern transportation spend management solutions through its platform. The company is dedicated to unlocking profit trapped in supply chains by centralizing freight, parcel, and financial data. Automation of audits, payments, and cost allocation is offered to eliminate manual work. Insights are provided to optimize transportation networks and carrier contracts. Solutions are tailored for shippers, 3PL providers, and various transportation modes including freight, parcel, ocean, air, and intermodal. Logistics-AI is utilized to connect supply chain domains and enhance decision-making processes across finance and operations teams.
Loop offers Loop Control Suite, Freight and Parcel Audit, Carrier Payments, and Logistics-AI.
Loop has made 1 acquisition, including StrategIQ Commerce.
Loop has 15 investors. Key investors include J P Morgan, Saltwater, Index Ventures, Wischoff Ventures, and Founders Fund.