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 3 funding rounds from investors including J P Morgan, Saltwater and Index Ventures. 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
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Net Profit
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EBITDA
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Total Equity Funding
$65 M (USD)
in 3 rounds
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Latest Funding Round
$35 M (USD), Series B
Oct 03, 2023
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Investors
J P Morgan
& 14 more
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Employee Count
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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Funding Insights of Loop
Loop has successfully raised a total of $65M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $35 million completed in October 2023. 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 3
- Last Round Series B — $35.0M
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First Round
First Round
(01 Jun 2021)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series B - Loop | Valuation | J P Morgan , Index Ventures |
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| Nov, 2022 | Amount | Series A - Loop | Valuation | Founders Fund | |
| Jun, 2021 | Amount | Seed - Loop | Valuation | 8VC , Susa 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 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. 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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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Early-stage investments are provided by Wischoff Ventures.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense sectors.
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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 Loop
| 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 - Loop
| 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 |
Loop Comparisons
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. 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 |
Cargo payment solutions are provided for logistics and shipping.
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| domain | founded_year | HQ Location |
Supply chain solution and service provider
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| domain | founded_year | HQ Location |
Online platform delivering sports news and articles on football updates.
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| domain | founded_year | HQ Location |
Online brokerage platform for ship bunkering services is operated.
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| domain | founded_year | HQ Location |
Fuel payment solutions are offered for logistics truckers.
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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 Loop
Frequently Asked Questions about Loop
When was Loop founded?
Loop was founded in 2004 and raised its 1st funding round 17 years after it was founded.
Where is Loop located?
Loop is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Loop?
Matt McKinney is the current CEO of Loop. They have also founded this company.
Is Loop a funded company?
Loop is a funded company, having raised a total of $65M across 3 funding rounds to date. The company's 1st funding round was a Seed of $6M, raised on Jun 01, 2021.
What does Loop do?
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.
What products or services does Loop offer?
Loop offers Loop Control Suite, Freight and Parcel Audit, Carrier Payments, and Logistics-AI.
Who are Loop's investors?
Loop has 15 investors. Key investors include J P Morgan, Saltwater, Index Ventures, Wischoff Ventures, and Founders Fund.
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