Loop on SeedInvest

A WiFi connected display and private social network that helps families stay connected around the world

Raise to date: $102,900

Reporting Date: 09/18/2019

Key Stats

Minimum Raise

$25,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

09/06/2019

Stop Date

10/04/2019

Days Remaining

14

Security Type

Convertible Note

Investment Minimum

$1,000

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

Not Known

% of Minimum Raised

412%

% of Maximum Raised

10%

Dollars Per Day to Reach Max

$69,079

DPD* Committed

$8,575

DPD* Category

$0

DPD* All Companies

$1,279

Kingscrowd Momentum

$102,900

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

Loop, with a valuation cap of $8.5 million, is raising funds on SeedInvest. The platform of Loop is connecting families and bringing them closer through better communication channels. The content on Loop app is divided into channels where the users can invite family members or friends to participate in various discussions. Loop was founded by Brian Gannon, Sital Mistry, and Ethan Ballweber. The proceeds of the current crowdfunding round, with a round size of $3.25 million, will be used for Android app development, marketing, hardware expenses, software engineering, subscription service, and customer service. Loop has already generated more than $1 million in lifetime revenues and was sold out in about four weeks through Best Buy online and offline stores.

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