Loom revenue hit $50M in 2023
Loom generates revenue from 120000 customers
How did Latka collect this data?
Latka collected this data by interviewing Loom CEO Joe Thomas on May 28, 2020
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Loom
140 2nd Street, 3rd Floor, San Francisco, California, 94102, United States
How Loom hit $50M revenue and 120K customers in 2023.
Loom is a video communication platform that allows users to create and share quick videos to communicate with their colleagues or customers. The platform offers a range of features, including screen recording, webcam recording, and audio recording, which can be combined to create personalized videos. Loom also offers a number of integrations with other tools such as Slack, Gmail, and Asana. The platform is designed to streamline communication and collaboration, particularly in remote or distributed teams. The company was founded in 2015 and is based in San Francisco, California. It has become a popular tool for businesses looking for an efficient and engaging way to communicate with their team and customers.
2016
Founded
$50M
2023 Revenue
YOY
$202.9M
Funding
Loom Revenue
In 2023, Loom revenue run rate hit $50M in revenue.
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2023
Loom hit $50M in revenue in 2023
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2022
Loom hit $42.5M in revenue in 2022
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2021
Loom hit $35M in revenue in 2021
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2021
Loom hit $35M in revenue in 2021
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2020
Loom hit $5.9M in revenue in 2020
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2019
Loom hit $720K in revenue in 2019
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2016
Loom launched in 2016 with $0 revenue
Loom Funding History
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2023 Acquisition
Loom raised a Acquisition of $0 at a $975M valuation in October, 2023
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2021 Series C
Loom raised a Series C of $130M at a $1.5B valuation in May, 2021
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2020 Series B
Loom raised a Series B of $28.1M at a $350M valuation in May, 2020
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2019 Series B
Loom raised a Series B of $30M in November, 2019
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2019 Series A
Loom raised a Series A of $11M in February, 2019
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2017 Seed Round
Loom raised a Seed Round of $3.2M in May, 2017
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2016 Seed Round
Loom raised a Seed Round of $600K in October, 2016
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2012 Y Combinator
Loom raised a Y Combinator of $0 in March, 2012
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| October, 14 2023 | Acquisition | $0 | $975M |
| May, 20 2021 | Series C | $130M | $1.5B |
| May, 28 2020 | Series B | $28.1M | $350M |
| November, 26 2019 | Series B | $30M | - |
| February, 19 2019 | Series A | $11M | - |
| May, 22 2017 | Seed Round | $3.2M | - |
| October, 07 2016 | Seed Round | $600K | - |
| March, 22 2012 | Y Combinator | $0 | - |
Team
Loom has 271 total employees and 12 sales reps that carry a quota. They have 120,000 customers an engineering team of 70 and a marketing team of 11.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 271 |
| Engineer | 70(26%) |
| Sales | 12(4%) |
| Marketing | 11(4%) |
Founder / CEO
Joe Thomas
Co-founder & CEO at Loom
Q&A
What's your age?
23
Favorite online tool?
Notion
Favorite book?
Hooked and brian Balfour
Favorite CEO?
Naval Ravinkat
Advice for 20 year old self
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Customers
Loom has 120K customers.
Lifetime Months
-
x
Monthly ARPU
$34
=
Lifetime Dollar
-
Acquisition Cost
-
Average Annual Price
$416
Loom Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Joe Thomas | CEO | joe@loom.com | - |
Loom Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Joe Thomas | CEO | joe@loom.com | - |
| Mathilde Collin | Investor | mathilde@frontapp.com | mathilde.collin9@gmail.com |
| Kevin Systrom | Investor | kevin@fb.com | - |
| Dylan Field | Investor | - | - |
| Mike Krieger | Investor | - | - |
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Frequently Asked Questions about Loom
When was Loom founded?
Loom was founded in 2016.
How much revenue does Loom generate?
Loom generates $50M in revenue.
Who is the CEO of Loom?
The CEO of Loom is Joe Thomas.
How much funding does Loom have?
Loom raised $202.9M.
How many employees does Loom have?
Loom has 271 employees.
Where is Loom headquarters?
Loom is headquartered at 140 2nd Street, 3rd Floor, San Francisco, California, 94102, United States
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