About Loopie
Loopie is a company based in Seattle (United States) founded in 2018 by John Vincent Lee.. Loopie has raised $1.08 million across 2 funding rounds from investors including Jason Calacanis. Loopie has completed 1 acquisition, including Bidbud. Loopie operates in a competitive market with competitors including Rinse, Hampr, 2U Laundry, Poplin and GetLavado, among others.
- Headquarter Seattle, United States
- Founders John Vincent Lee
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Sectors
Business Services
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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 Loopie, Inc.
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Annual Revenue
$1.32 M65as on Dec 31, 2022
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Net Profit
$-2.15 M-84as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$1.08 M (USD)
in 2 rounds
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Latest Funding Round
$1 M (USD), Seed
Jul 10, 2022
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of Loopie
Loopie has successfully raised a total of $1.08M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in July 2022. 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 2
- Last Round Seed — $1.0M
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First Round
First Round
(18 Feb 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Seed - Loopie | Valuation |
investors |
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| Feb, 2020 | Amount | Seed - Loopie | Valuation |
investors |
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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 Loopie
Loopie has secured backing from 1 investor, including angel investors. Prominent investors backing the company include Jason Calacanis. 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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JC
Jason Calacanis |
American angel investor, entrepreneur, and podcaster, active in Indian startups
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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 Loopie
Loopie has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bidbud. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Freelancer matching application
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Loopie
| 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 |
Loopie Comparisons
Competitors of Loopie
Loopie 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 Rinse, Hampr, 2U Laundry, Poplin and GetLavado, 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 |
Rinse is operated as a laundry and dry cleaning delivery service.
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| domain | founded_year | HQ Location |
Laundry and dry cleaning services are delivered via mobile app.
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| domain | founded_year | HQ Location |
Provider of an app-based platform for laundry and dry cleaning services
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| domain | founded_year | HQ Location |
A nationwide personal laundry service platform is operated by Poplin.
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| domain | founded_year | HQ Location |
On-demand laundry and dry cleaning solutions
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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 Loopie
Frequently Asked Questions about Loopie
When was Loopie founded?
Loopie was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Loopie located?
Loopie is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Loopie?
John Vincent Lee is the current CEO of Loopie. They have also founded this company.
Is Loopie a funded company?
Loopie is a funded company, having raised a total of $1.08M across 2 funding rounds to date. The company's 1st funding round was a Seed of $75K, raised on Feb 18, 2020.
What is the annual revenue of Loopie?
Annual revenue of Loopie is $1.32M as on Dec 31, 2022.
What does Loopie do?
Provider of consumer laundry services. It offers laundry pickup and delivery service for customers. Users can order through their website or mobile app.
Who are the top competitors of Loopie?
Loopie's top competitors include Rinse, 2U Laundry and Hampr.
How many acquisitions has Loopie made?
Loopie has made 1 acquisition, including Bidbud.
Who are Loopie's investors?
Loopie has 1 investor. Key investors include Jason Calacanis.
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