Loom joined the Unicorn Club on May 20, 2021. Headquartered in San Francisco, California, United States, Loom provides a video-based communication platform designed to replace long meetings with quick, shareable screen recordings. Its product allows users to record their screen, voice, and face simultaneously, making collaboration faster and more personal across distributed teams.
Keep reading to learn how Loom built a $975 million company transforming workplace communication and asynchronous collaboration.
What Is Loom and What Does It Do?
Founded in 2016, Loom enables teams to communicate through instantly shareable video messages instead of text or meetings. Users can record their screen, webcam, and voice in one click, share the video link, and receive real-time reactions or comments.
The platform helps organizations improve transparency and productivity by reducing meeting load and enhancing clarity across remote and hybrid teams. It serves various sectors, including enterprise collaboration, education, customer support, and software development.
How Much Funding Has Loom Raised?
- Series C and Earlier Rounds
- Cumulative Funding: ~$214 million
- Purpose: Expand enterprise adoption, enhance product features like engagement analytics, and scale global operations
Latest Funding Round: Series C, May 14, 2021, $130 million
Lead Investors: Iconiq Capital, Coatue
Total Funding Raised: ~$214 million
Latest Known Valuation: ~$975 million (as of October 12, 2023)
Employee Count: 51–200 (as of July 1, 2024)
Key Investors
- Iconiq Capital
- Details: Global investment firm managing capital for leading technology founders and executives.
- Focus Areas: SaaS, enterprise collaboration, and digital productivity tools.
- Coatue
- Details: Technology-focused investment firm backing companies in consumer and enterprise sectors.
- Focus Areas: Cloud infrastructure, software platforms, and productivity technologies.
Where Is Loom’s Headquarters?
Loom is headquartered in San Francisco, California, United States. Its operations span across North America and Europe, supporting distributed teams that rely on asynchronous communication and collaboration tools.
What’s Next for Loom?
Loom continues to expand its role in the enterprise collaboration ecosystem, focusing on deeper integrations with platforms like Slack, Notion, and Microsoft Teams. The company aims to strengthen its video analytics capabilities and enhance team engagement features while maintaining its focus on simplicity and speed.
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