# Loop Insurance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loop-insurance

- Industry: Insurance
- Headquarters: US
- Website: www.loopinsure.co
- Total disclosed funding: $24M
- Latest round: Series A (Sep 27, 2021)
- Investors on record: 10

## About

Loop Insurance is an innovative provider of insurance solutions that leverages technology to enhance underwriting and claims processes, targeting both individual and business clients.Loop Insurance was founded in 2015 in the US, focusing on revolutionizing the insurance industry. The company successfully raised a total of USD 21.00 mn in Series A funding on September 27, 2021, led by Foundry Group and 01 Advisors, with contributions from several other investors including Earn Your Leisure and New Voices Fund. The company's CEO is Mohammed Almohannadi, and it was founded by John Henry, who has a history of entrepreneurial ventures in the tech space.Loop Insure specializes in providing innovative insurance solutions designed to meet the evolving needs of both individuals and businesses. Their core product offering includes a comprehensive suite of insurance policies that leverage advanced technology to streamline the underwriting and claims process. These services aim to resolve common pain points in the insurance sector, targeting both B2B and B2C markets, particularly in urban areas of North America and Europe. The company’s products cater to personal and commercial insurance needs, making them suitable for small business owners, families, and individuals seeking tailored coverage solutions.Loop Insurance generates revenue through a structured model that encompasses direct-to-consumer and B2B transactions. Clients engage with the company through various subscription plans or one-time policy purchases, which may include lifetime coverage options or annual renewals. Each insurance product is strategically priced to align with the specific needs of their clientele and the competitive landscape, allowing the company to establish partnerships with key retailers and service providers to enhance their distribution channels.In September 2021, Loop Insurance raised USD 21.00 mn in Series A funding which will be utilized to accelerate their growth and expansion of their mission. The company is focused on designing and launching new insurance products aimed at addressing niche markets. Moreover, Loop Insurance plans to expand its operations into additional geographic regions, specifically targeting underserved markets in North America and Europe over the next few years.

## Funding rounds

- Series A, Sep 27, 2021, $21M — Foundry Group, Freestyle VC, Uprising, Blue Fog Capital, New Voices Fund, 01A, Westbound, Earn Your Leisure
- Seed, Jan 13, 2021, $3.3M — Freestyle VC, Fontinalis Partners, Uprising, Blue Fog Capital, Backstage Capital, Westbound

## Investors

- Freestyle VC (https://capitalatlas.ai/funds/freestyle-vc) — Seed, Series A
- Fontinalis Partners (https://capitalatlas.ai/funds/fontinalis-partners) — Seed
- Uprising (https://capitalatlas.ai/funds/uprising) — Seed, Series A
- Blue Fog Capital (https://capitalatlas.ai/funds/blue-fog-capital) — Seed, Series A
- Backstage Capital (https://capitalatlas.ai/funds/backstage-capital) — Seed
- Westbound (https://capitalatlas.ai/funds/westbound) — Seed, Series A
- Foundry Group (https://capitalatlas.ai/funds/foundry-group) — Series A
- New Voices Fund (https://capitalatlas.ai/funds/new-voices-fund) — Series A
- 01A (https://capitalatlas.ai/funds/01a) — Series A
- Earn Your Leisure — Series A