About Loopit
Loopit is a company based in Sydney (Australia) founded in 2020. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Loopit has raised $6.23 million across 2 funding rounds from investors including Upswell Ventures, Common Sense Ventures and Luxem. The company has 1 employees as of June 30, 2024. Loopit offers products and services including Loopit Platform, TruPass, and FlexFleet. Loopit operates in a competitive market with competitors including Carbar and Carly, among others.
- Headquarter Sydney, Australia
- Employees 1 as on 30 Jun, 2024
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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
*********
- Legal Name Loopit D.O.O.
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Annual Revenue
$177.16 K (USD)30as on Dec 31, 2022
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Net Profit
$63.42 K (USD)-8as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$6.23 M (USD)
in 2 rounds
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Latest Funding Round
$2.63 M (USD), Seed
Jun 21, 2024
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Investors
Upswell Ventures
& 5 more
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Employee Count
1
as on Jun 30, 2024
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Products & Services of Loopit
Loopit offers a comprehensive portfolio of products and services, including Loopit Platform, TruPass, and FlexFleet. 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.
Software for managing vehicle rentals and subscriptions efficiently.
Tool for seamless customer identity verification and security.
Solution for optimizing B2B fleet management and operations.
Funding Insights of Loopit
Loopit has successfully raised a total of $6.23M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.63 million completed in June 2024. 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 — $2.6M
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First Round
First Round
(03 Jul 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - Loopit | Valuation |
investors |
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| Jul, 2022 | Amount | Seed - Loopit | Valuation | Tidal |
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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 Loopit
Loopit has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Upswell Ventures, Common Sense Ventures and Luxem. 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 are provided by Upswell Ventures.
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Founded Year | Domain | Location | |
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Early-stage investments are made in Australian fast-growing businesses.
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Founded Year | Domain | Location | |
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Luxem is operated as a family office for investments.
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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 Loopit
| 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 - Loopit
| 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 |
Loopit Comparisons
Competitors of Loopit
Loopit 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 Carbar and Carly, 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 |
Online car subscription platform
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| domain | founded_year | HQ Location |
Limited information is provided about Carly's activities.
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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 Loopit
Frequently Asked Questions about Loopit
When was Loopit founded?
Loopit was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Loopit located?
Loopit is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is Loopit a funded company?
Loopit is a funded company, having raised a total of $6.23M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.6M, raised on Jul 03, 2022.
How many employees does Loopit have?
As of Jun 30, 2024, the latest employee count at Loopit is 1.
What is the annual revenue of Loopit?
Annual revenue of Loopit is $177.16K as on Dec 31, 2022.
What does Loopit do?
Loopit is established as a provider of all-in-one car rental, subscription, and fleet management software. Solutions are offered to industries such as OEM automakers, dealerships, rental providers, and fleet operators. The platform is designed to optimize vehicle utilization, enable recurring revenue through rentals and subscriptions, and streamline fleet operations. Features like real-time tracking, dynamic pricing, and customer self-service portals are integrated to support mobility businesses. Growth and adaptability are facilitated across various automotive and mobility sectors with tailored solutions.
What products or services does Loopit offer?
Loopit offers Loopit Platform, TruPass, and FlexFleet.
Who are Loopit's investors?
Loopit has 6 investors. Key investors include Upswell Ventures, Common Sense Ventures, Luxem, BetterLabs, and Aerocorp.