What is Localoop?
Localoop Inc. is at the forefront of delivering economically viable 5G fixed broadband Internet solutions specifically engineered for rural markets. The company targets communications service providers, entrepreneurs, and start-ups, offering a comprehensive cloud-driven hardware and service package. This integrated approach is designed to accelerate profitability and enhance subscriber experiences, thereby supporting rural economic development and engineering consultants by addressing broadband needs with low-risk, future-proof technology. Localoop's mission is to effectively close the rural broadband Internet gap, empowering clients to rapidly establish and scale their businesses in less-densely populated regions.
How much funding has Localoop raised?
Localoop has raised a total of $2.3M across 3 funding rounds:
Private Equity
$1.7M
Private Equity
$551K
Debt
$52K
Private Equity (2015): $1.7M, investors not publicly disclosed
Private Equity (2017): $551K, investors not publicly disclosed
Debt (2021): $52K supported by PPP
What's next for Localoop?
With this significant enterprise-level backing, Localoop is poised for accelerated growth and market penetration. The substantial expansion capital will likely be directed towards scaling infrastructure, enhancing its cloud-based platform, and expanding its service reach into new rural territories. This strategic investment signals strong confidence in Localoop's business model and its potential to revolutionize broadband access in areas historically overlooked by traditional providers. The company's focus on profitability and future-proof technology positions it as a key player in the ongoing effort to achieve universal broadband connectivity.
See full Localoop company page
