About Loopt
Loopt is a company based in Mountain View (United States) founded in 2005 by Sam Altman was acquired by Green Dot in March 2012. Loopt has raised $39.1 million across 5 funding rounds from investors including Green Dot, NEA and Sequoia Capital. The company has 56 employees as of December 31, 2011. Loopt has completed 1 acquisition, including graffitiGeo. Loopt operates in a competitive market with competitors including MeetMe, Meetup, Going, Pelago and Pod, among others.
- Headquarter Mountain View, United States
- Employees 56 as on 31 Dec, 2011
- Founders Sam Altman
-
Sectors
Media & Entertainment
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Loopt, Inc.
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$39.1 M (USD)
in 5 rounds
-
Latest Funding Round
$15 M (USD), Series C
May 03, 2010
-
Investors
Green Dot
& 3 more
-
Employee Count
56
as on Dec 31, 2011
- Investments & Acquisitions
-
Acquired by
Green Dot
(Mar 09, 2012)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Loopt
Loopt has successfully raised a total of $39.1M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $15 million completed in May 2010. 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 Loopt
Loopt has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Green Dot, NEA and Sequoia Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital investments are offered to startups by NEA.
|
Locked | Locked | Locked | |
|
Sequoia Capital is engaged in venture capital investments.
|
Locked | Locked | Locked | |
|
Early-stage startups are accelerated via funding and educational programs.
|
Locked | Locked | Locked |
Investor details for Loopt
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Loopt
Loopt has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include graffitiGeo.
Investment portfolio details for Loopt
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Local search and discovery app
|
Locked | Locked | 2009 | Locked |
Complete acquisition details for Loopt
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Loopt
Detailed financials for Loopt
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Loopt Comparisons
Peer comparison for Loopt
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Loopt
Loopt 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 MeetMe, Meetup, Going, Pelago and Pod, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
New people are connected via a GPS-enabled social platform.
|
|
| Locked | Locked | Locked |
People are connected via app-based groups for shared interests.
|
|
| Locked | Locked | Locked |
Flight deals and price alerts are provided by Going.
|
|
| Locked | Locked | Locked |
Location-based service
|
|
| Locked | Locked | Locked |
Professionals are connected with similar interests on this social platform.
|
Detailed competitors of Loopt
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Loopt
Complete news archive for Loopt
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Loopt
Loopt was founded in 2005.
Loopt is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Sam Altman is the current CEO of Loopt. They have also founded this company.
Loopt is a funded company, having raised a total of $39.1M across 5 funding rounds to date.
As of Dec 31, 2011, the latest employee count at Loopt is 56.
Loopt was founded in 2005 in Mountain View, United States, as a web and mobile platform in the social networking sector. User locations and statuses were shared selectively with designated friends through app updates. Integration with Facebook allowed location sharing within its network. Services supported more than five million registered users. Acquisition by Green Dot Corporation occurred on March 9, 2012.
Loopt has made 1 acquisition, including graffitiGeo.
Loopt has 4 investors. Key investors include Green Dot, NEA, Sequoia Capital, and Y Combinator.