What is Loopit?
Loopit operates within the Business Intelligence (BI) Software industry, as indicated by its association with Blinker Subscription Pty Ltd. Headquartered in Sydney, New South Wales, Australia, the company is positioned to leverage data analytics for business insights. With an employee count between 20 to 49 and an estimated revenue of $1M to $5M, Loopit is in a growth phase, likely focusing on scaling its operations and expanding its market reach within the competitive BI software landscape.
How much funding has Loopit raised?
Loopit has raised a total of $3.6M across 1 funding round:
Angel/Seed
$3.6M
Angel/Seed (2022): $3.6M with participation from Tidal Ventures, Luxem Group, and Upswell
Key Investors in Loopit
Tidal Ventures
Tidal Ventures is an investment firm focused on local community and fisheries involvement, aiming for collaboration and communication in project development. They prioritize creating direct and indirect jobs and ensuring a two-way flow of information with key marine users.
Luxem Group
Luxem Group is a private wealth management company that invests across various stages of companies' business cycles, including Angel, Growth, and Buyout. They focus on technology-enabled companies and aim to align investor and portfolio company interests through strategic diversification.
Upswell
Upswell provides data science and technology-driven analytics solutions to startups, hedge funds, and corporations. Their startup solutions team offers advisory, business development, and capital introduction, empowering organizations to innovate and make optimal business decisions.
What's next for Loopit?
The substantial enterprise-level funding and recent strategic investment suggest Loopit is poised for significant scaling and market penetration. This capital infusion will likely be directed towards enhancing its BI software capabilities, expanding its sales and marketing efforts, and potentially exploring new market segments. The company's strategic focus will be on solidifying its position in the Australian market and potentially expanding internationally, leveraging its technological advancements to capture a larger share of the business intelligence sector.
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