# LOOM

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loom-2

- Industry: Education/Training
- Headquarters: Los Angeles, US
- Website: www.loomhq.com/
- Total disclosed funding: $3M
- Latest round: Seed (Jul 30, 2020)
- Investors on record: 6

## About

LOOM is a US-based digital communication platform that enables users to create and share video messages, enhancing collaboration and engagement across teams and organizations.LOOM was founded in 2016 and operates as a digital video communication platform designed for enhancing remote communication. The company is headquartered in Los Angeles, US. Joe Thomas, one of the co-founders, serves as the CEO. LOOM has successfully raised USD 3.00 mn through its SEED funding round, led by Slow Ventures, with participation from investors including GSV Ventures, General Catalyst Partners, Maveron, Moxxie Ventures, and Precursor Ventures. The latest funding round occurred in October 2024, marking a total of 2 deals.LOOM offers a range of innovative video communication tools that address the challenges of remote collaboration. Its products are designed to improve operational efficiency and streamline workflows across diverse sectors. The solutions aim to enhance productivity, reduce costs, and provide better user experiences. LOOM serves a varied client base, including small to medium-sized enterprises and larger corporations, focusing on markets in North America, Western Europe, and select regions in Asia.LOOM generates revenue through a mix of direct sales and subscription-based models, primarily engaging in business-to-business transactions. Clients can opt for annual subscriptions and tiered pricing plans to meet their specific operational requirements. The company's offerings are often bundled with premium support services, ensuring value addition while catering to different scales of operation for a broad range of customers.In October 2024, LOOM was acquired by Perelel to enhance its health information services for women. This acquisition will facilitate LOOM's entry into new markets and the development of upcoming products tailored for health communications. The recent funding will support these initiatives, focusing on expanding into targeted geographic regions and launching innovative solutions that align with Perelel's strategic goals.

## Funding rounds

- Seed, Jul 30, 2020, $3M — General Catalyst Partners, Maveron, Slow, Precursor Ventures, GSV Ventures, Moxxie Ventures

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed
- Maveron (https://capitalatlas.ai/funds/maveron) — Seed
- Slow (https://capitalatlas.ai/funds/slow) — Seed
- Precursor Ventures (https://capitalatlas.ai/funds/precursor-ventures) — Seed
- GSV Ventures (https://capitalatlas.ai/funds/gsv-ventures) — Seed
- Moxxie Ventures (https://capitalatlas.ai/funds/moxxie-ventures) — Seed