# Loopio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loopio

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.loopio.com
- Total disclosed funding: $9M
- Latest round: Series A (Feb 13, 2018)
- Investors on record: 2

## About

Loopio Inc., headquartered in Toronto, Canada, specializes in developing software that improves the efficiency of proposal management, enabling organizations to respond effectively to RFPs, RFIs, and security questionnaires.Loopio Inc. is a software company that focuses on proposal management solutions. Founded in 2014 in Toronto, Canada, it has successfully completed 4 funding deals, with the latest being a GROWTH round where they raised USD 200.00 mn from Sumeru Equity Partners, bringing the total amount raised to USD 200.00 mn. The founders, Matt York and Zak Hemraj, have driven the company's strategic direction since its inception, with Zak Hemraj currently serving as CEO.Loopio's core product offering is its RFP software platform, designed to enhance the efficiency and effectiveness of teams responding to RFPs, RFIs, DDQs, and security questionnaires. The platform integrates automation features with a secure content library, enabling users to manage bids, schedule reviews, and collaborate seamlessly. Loopio supports over 1,500 companies in sectors such as healthcare, financial services, and technology, focusing on markets across North America, Europe, and Asia-Pacific.Loopio operates on a subscription-based revenue model, offering flexible pricing plans tailored to the various needs of its customers. Clients primarily engage through annual subscriptions that provide access to the proposal management tools, including proprietary AI features for expedited response generation. This model accommodates businesses of all sizes, allowing them to enhance their proposal responses and drive operational efficiency.Loopio plans to expand its product offerings and geographic reach significantly. Upcoming product launches include enhanced AI capabilities aimed at further automating the proposal process. The company targets expansion into new regions, particularly Europe and Asia-Pacific, by the end of 2025. The recent GROWTH round funding will be instrumental in supporting these initiatives, allowing Loopio to invest in new product development and market entry strategies.

## Funding rounds

- Series A, Feb 13, 2018, $9M — OpenView
- Seed, Dec 10, 2014 — Ontario Centre of Innovation

## Investors

- Ontario Centre of Innovation (https://capitalatlas.ai/funds/ontario-centre-of-innovation) — Seed
- OpenView (https://capitalatlas.ai/funds/openview) — Series A