Loop on SeedInvest

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

Raise to date: $293,713

Reporting Date: 10/31/2019

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Convertible Note

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Top Deal

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Confirmed Closed

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Not Known

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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.