Loop

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

Analytics

Raised to Date:
$293,713 - RegCF
$3,038,213 - Total
Aggregate Commitments $
Platform

SeedInvest

Start Date

09/06/2019

Close Date

10/04/2019

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$1,000

Security Type

Convertible Note

Funding Type

RegCF / RegD 506(C)

Valuation

$8,500,000

Rolling Commitments $
Status
Funded
Reporting Date

10/31/2019

Days Remaining
Funded
% of Min. Goal

1,175%

% of Max. Goal

27%

Likelihood of Max
Funded
Avg. Daily Raise

$10,490

Momentum
Funded
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Location
Industry

Consumer Products, Goods & Services

Tech Sector

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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