GoldenGolden
Advanced Search
Loom (company)

Loom (company)

A software company making communication software for instantly sharing videos.

Loom is a software company making communication software for instantly sharing videos that is headquartered in San Francisco, California and was founded in 2016 by Joe Thomas, Shahed Khan, and Vinay Hiremath. The company claims their software can be used for team communication between engineers, sales, design, customer support, customer success, and leadership.

Funding
Seed

On October 7, 2016 Loom announced raising $600,000 in seed funding from 1517 Fund (lead investor), Elementum Ventures, Eric Wittman, and Andy Chou.

Seed II

On May 22, 2017 Loom announced raising an additional $3.2 million in seed funding from Point Nine Capital (lead investor), General Catalyst (lead investor), Slack, Lee Jacobs, Hiten Shah, Brian Balfour, and Andy Chou.

Series A

On February 19, 2019 Loom announced raising $11 million in series A funding from Kleiner Partners (lead investor), Jared Leto, Dylan Field, and Danial Gross. The company plans on using their series A funding to begin offering new products and to accelerate its growth. Also at the time of announcing their series A funding the company announced Ilya Fushman from Kleiner Perkins will join Loom's board of directors.

Series B

On November 26, 2019 Loom announced raising $30 million in series B funding from Sequoia Capital (lead investor), Mike Krieger, Mathilde Collin, Kleiner Perkins, Kevin Systrom, and Dylan Field. The company plans on using the funding to improve their software security and launch beta access to their software product in early 2020.

Competitors

Some of Loom's top competitors include companies such as BombBomb, Zoom, Vidyard, CloudApp, and Miro. During the pandemic of COVID-19, coronavirus, video conferencing technologies and platforms had increased in public use, and Zoom specifically had seen a growth in use.

Timeline

November 26, 2019
Loom raised $30,000,000 series B from Dylan Field and three other investors
February 2019
Loom raises a $11,000,000 series A round from Kleiner Perkins Caufield & Byers.
May 22, 2017
Loom raised $3,200,000 seed from Andy Chou and three other investors
October 7, 2016
Loom raised $600,000 seed from 1517 Fund and three other investors
September 2016
Loom is founded in San Francisco, California, United States by Joe Thomas, Shahed Khan, and Vinay Hiremath

Funding rounds

People

Name
Role
LinkedIn

Joe Thomas

Brendon Muschamp

Brittany Layton

Matt Hodges

Paulius Dragunas

Shahed Khan

Susana Cigano

Vinay Hiremath

Further reading

Title
Author
Link
Type
Date

Loom - Ways to Use Loom

Web

Loom | Video recording, simplified.

Web

Documentaries, videos and podcasts

Title
Date
Link

Loom - How quick videos help us explain and review code

Companies

Company
CEO
Location
Products/Services

Loom

Joe Thomas

San Francisco, California, United States

News

Title
Author
Date
Publisher
Description
Ceros
June 29, 2021
www.prnewswire.com:443
/PRNewswire/ -- Ceros, a content creation platform for interactive design, announced today a partnership between its visual commenting tool, MarkUp, and video...
Natasha Mascarenhas
June 25, 2021
TechCrunch
Erica Chidi, the co-founder of Loom and a first-generation Nigerian-American, learned how to wrap the language of self-care around her body from an early age. She spent the early part of her life in South Africa, then the epicenter of the HIV and AIDS pandemic, watching her father work as an endocrinologist and infectious disease [...]
FinSMEs
May 20, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Melia Russell
November 24, 2020
Business Insider
All year, Business Insider published lists of rising startups, which featured over 350 companies. We went back and chose our top 100 from that crop.
David Streitfeld
December 27, 2019
www.nytimes.com
In Campbellsville, Ky., the tech giant's influences abound. The profits, not so much.
May 23, 2019
AP NEWS
BOWLING GREEN, Ky. (AP) -- Fruit of the Loom says it is cutting about 100 jobs, mostly at its headquarters in Kentucky.

References

Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.