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
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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- Legal Name Loopt, Inc.
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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.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $15.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2010 | Amount | Series C - Loopt | Valuation |
investors |
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| Mar, 2009 | Amount | Series B - Loopt | Valuation |
investors |
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| Jul, 2007 | Amount | Series B - Loopt | Valuation | New Enterprise Associates , Sequoia Capital |
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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 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. 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 offered to startups by NEA.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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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 Loopt
Loopt has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include graffitiGeo. 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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Local search and discovery app
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2009 |
| 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 - Loopt
| 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 |
Loopt Comparisons
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. 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 |
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| domain | founded_year | HQ Location |
New people are connected via a GPS-enabled social platform.
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| domain | founded_year | HQ Location |
People are connected via app-based groups for shared interests.
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| domain | founded_year | HQ Location |
Flight deals and price alerts are provided by Going.
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| domain | founded_year | HQ Location |
Location-based service
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| domain | founded_year | HQ Location |
Professionals are connected with similar interests on this social platform.
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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 Loopt
Frequently Asked Questions about Loopt
When was Loopt founded?
Loopt was founded in 2005.
Where is Loopt located?
Loopt is headquartered in Mountain View, United States. It is registered at Mountain View, California, United States.
Who is the current CEO of Loopt?
Sam Altman is the current CEO of Loopt. They have also founded this company.
Is Loopt a funded company?
Loopt is a funded company, having raised a total of $39.1M across 5 funding rounds to date. The company's 1st funding round was a Series B of $12M, raised on Aug 16, 2005.
How many employees does Loopt have?
As of Dec 31, 2011, the latest employee count at Loopt is 56.
What does Loopt do?
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.
How many acquisitions has Loopt made?
Loopt has made 1 acquisition, including graffitiGeo.
Who are Loopt's investors?
Loopt has 4 investors. Key investors include Green Dot, NEA, Sequoia Capital, and Y Combinator.
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