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Overview
THE CAR INSURANCE INDUSTRY IS BROKEN
They charge you more based on things that have nothing to do with how you drive. They point to gender, job title, marital status and even your credit score—which is systematically biased against vulnerable communities and has nothing to do with how you drive. They don’t want to change the system. We do.
LOOP is different. We’re building fair, equitable, and affordable insurance based on how and where you drive. We put people first, treating our members with respect and dignity—making sure they can chat with an understanding person, not a frustrating bot. And as a B-Corp we’re committed to giving back and being a force for good in the world so we can uplift the communities impacted by systemic injustice. To us, that’s what it means to Drive Good.
About
Financial Services, Artificial Intelligence (AI), InsurTech, Insurance
2020
51-100
Headquarters locations
United States, North America
Social
N/A
Profile Resume
LOOP headquartered in United States, North America, operates in the Financial Services, Artificial Intelligence (AI), InsurTech, Insurance sector. The company focuses on Financial Services and has secured $1.6B in funding across 48 round(s). With a team of 51-100 employees, LOOP is actively contributing to advancements in Financial Services. Their latest funding round, Convertible Note - LOOP, raised $10.0M. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
3
0
0
$34.3M
Details
2
LOOP has raised a total of $34.3M in funding over 2 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2021 | Seed | 3.3M | ||
2021 | Early Stage Venture | 21.0M |
Investors
LOOP is funded by 30 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
Concrete Rose Capital | - | FUNDING ROUND - Concrete Rose Capital | 21.0M |
Brandon Hoffman | - | FUNDING ROUND - Brandon Hoffman | 21.0M |
LOOP | - | FUNDING ROUND - LOOP | 21.0M |
Diverse Angels | - | FUNDING ROUND - Diverse Angels | 21.0M |
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