About Luup
Luup is a company based in Shibuya (Japan) founded in 2018 by Ryotaro Makita and Daiki Okai.. Luup has raised $28.29 million across 6 funding rounds from investors including Sumitomo Mitsui Banking Corporation, Mizuho Financial Group and Family Mart. Luup operates in a competitive market with competitors including mobby and movicle, among others.
- Headquarter Shibuya, Japan
- Founders Ryotaro Makita, Daiki Okai
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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
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.29 M (USD)
in 6 rounds
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Latest Funding Round
$19.99 M (USD), Debt – Conventional
Oct 22, 2024
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Investors
Sumitomo Mitsui Banking Corporation
& 19 more
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Employee Count
Employee Count
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Funding Insights of Luup
Luup has successfully raised a total of $28.29M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $19.99 million completed in October 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 6
- Last Round Debt – Conventional — $20.0M
- First Round First Round
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2024 | Amount | Debt – Conventional - Luup | Valuation |
investors |
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| Apr, 2023 | Amount | Debt – Conventional - Luup | Valuation |
investors |
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| Apr, 2023 | Amount | Series C - Luup | Valuation | i-nest capital , Spiral Capital |
| 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 Luup
Luup has secured backing from 20 investors, including institutional and venture fund investors. Prominent investors backing the company include Sumitomo Mitsui Banking Corporation, Mizuho Financial Group and Family Mart. 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 services are provided to support innovative startups.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Tech-focused investments in Japan are made by ANRI.
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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 Luup
| 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 - Luup
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Luup Comparisons
Competitors of Luup
Luup 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 mobby and movicle, 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 |
Offers a ride-sharing service for electric kick-scooters.
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| domain | founded_year | HQ Location |
An app-based platform providing electric kick scooter rental services for urban mobility.
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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 Luup
Frequently Asked Questions about Luup
When was Luup founded?
Luup was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Luup located?
Luup is headquartered in Shibuya, Japan. It is registered at Shibuya, Tokyo, Japan.
Who is the current CEO of Luup?
Daiki Okai is the current CEO of Luup. They have also founded this company.
Is Luup a funded company?
Luup is a funded company, having raised a total of $28.29M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $5.21M, raised on Aug 17, 2021.
What does Luup do?
Founded in 2018 in Shibuya, Japan, the company operates in the micromobility sector with an app-based service for electric kick scooters. Scooters are located and booked through the app, with navigation to nearby stations provided. Unlocking occurs by scanning QR codes, and rides end with returns to designated docks for station-based operations.
Who are Luup's investors?
Luup has 20 investors. Key investors include Sumitomo Mitsui Banking Corporation, Mizuho Financial Group, Family Mart, GMO Internet, and Mercuria.
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