About Loopit
Loopit is a Transportation, Automotive & Logistics company based in Sydney (Australia) founded in 2020. Loopit is recognized for providing car rental and subscription software. It operates on a SaaS (Software-as-a-Service) and Subscription Services model. 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. Loopit offers products and services including Loopit Platform, TruPass, and FlexFleet. Its focus areas include Technology, Software, Fleet Management Software and Automotive. Its legal entity is LOOPIT d.o.o. Its competitors include Carbar and Carly; 2 of its 2 listed competitors have raised funding.
Company details
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.
- Headquarters Sydney, Australia
- Employees 1
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website loopit.co/en-us
- Social LinkedIn
- Legal Name Loopit D.O.O.
- Annual Revenue$177.16 K (USD)30as on Dec 31, 2022
- Net Profit$63.42 K (USD)-8as on Dec 31, 2022
- Total Equity Funding$6.23M (USD)
in 2 rounds
- Latest Funding Round$2.63M (USD), Seed
Jun 2024
- InvestorsUpswell Ventures
& 5 more
- Employee Count1
Products & Services of Loopit
Loopit offers a comprehensive portfolio of products and services, including Loopit Platform, TruPass, and FlexFleet.
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 $6.23M
- Total Rounds 2
- Last Round Seed — $2.63M
- First Round $3.6M
(Jul 2022)
- Investors Count 6
All 2 funding rounds of Loopit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2024 | $2.63M | Seed | – | – | |
| Jul 2022 | $3.6M | Seed | – | Tidal | – |
6 investors in total: 6 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are provided by Upswell Ventures. | – | upswellvc.com | - | |
Early-stage investments are made in Australian fast-growing businesses. | – | commonsense.vc | Australia | |
Luxem is operated as a family office for investments. | – | luxem.com.au | Melbourne, Australia | |
A venture fund and studio based in Perth, Australia. | – | betterlabsventures.com.au | Perth, Australia | |
Early-stage tech startups are supported through venture capital investments. | – | tidalvc.com | Sydney, Australia | |
- | – | aerocorp.tcc.mode | - |
Investor details for Loopit
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- Complete investor list
- Round participation
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Timeline of Loopit
3 dated milestones of Loopit across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Loopit is founded.
- Funding First funding round of $3.6M.
- Funding Latest funding round, Seed, of $2.6M.
Competitors of Loopit
Loopit has 2 listed competitors in our database, 2 of them funded. They include Carbar and Carly, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| carbar.com.au | 2016 | Nunawading, Australia | $33.14M | – | Online car subscription platform | |
| carly.co | 1994 | Sydney, Australia | $1.5M | – | Limited information is provided about Carly's activities. |
Detailed competitors of Loopit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of Loopit
The website of Loopit (loopit.co) receives about 7.1K visits a month.
- Monthly visits7.1K
▼ 49.4% vs previous month
Websites whose visitors overlap most with Loopit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fareye.com | 100% | 56.5K | #520,326 | View details | |
| atommobility.com | 67% | 22.5K | #752,914 | View details | |
| rentsyst.com | 31% | – | #718,339 | View details | |
| flit2go.com | 27% | 1.1K | #13,040,377 | View details |
Top companies in Automotive Retail & Aftersales
10 companies that operate in the same segment as Loopit (Automotive Retail & Aftersales), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Pre-owned vehicles are sold online with financing and valuation services. | 2012 | Phoenix, Arizona, United States | USD 460 M | USD 20.32 B | 17,400 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 716.48 M | USD 446.48 M | 3,992 | |
Pre-owned cars are certified, inspected, and traded online via Kavak. | 2016 | Lerma De Villada, Estado De Mexico, Mexico | USD 1.98 B | – | 2,500 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Provider of car service and repair network | 2016 | Gurugram, Haryana, India | USD 62.01 M | USD 8.06 M | 171 | |
Second-hand cars are listed online to connect buyers and sellers. | 2003 | Mumbai, Maharashtra, India | USD 5.89 M | USD 5.28 M | 451 | |
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | – | – | |
Full-stack marketplace services for car ownership are provided. | 2015 | Singapore, Singapore | USD 685.9 M | USD 806.83 M | 1,000 | |
Retailer of new automobiles, used vehicles, and related automotive news | 2008 | Jaipur, Rajasthan, India | USD 60 M | USD 289.58 M | 721 |
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Related news about Loopit
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Frequently Asked Questions about Loopit
Loopit was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Loopit is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
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 2022.
Loopit has 1 employees.
Annual revenue of Loopit is $177.16K as on Dec 31, 2022.
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.
Loopit offers Loopit Platform, TruPass, and FlexFleet.
Loopit has 6 investors. Key investors include Upswell Ventures, Common Sense Ventures, Luxem, BetterLabs, and Aerocorp.
Loopit operates through Loopit D.O.O..