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.
On October 7, 2016 Loom announced raising $600,000 in seed funding from 1517 Fund (lead investor), Elementum Ventures, Eric Wittman, and Andy Chou.
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.
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.
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.
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.
Loom raised $30,000,000 series B from Dylan Field and three other investors
Loom raises a $11,000,000 series A round from Kleiner Perkins Caufield & Byers.
Loom raised $3,200,000 seed from Andy Chou and three other investors
Loom raised $600,000 seed from 1517 Fund and three other investors
Loom is founded in San Francisco, California, United States by Joe Thomas, Shahed Khan, and Vinay Hiremath
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San Francisco, California, United States