Loom revenue hit $50M in 2023

Loom generates revenue from 120000 customers


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Latka collected this data by interviewing Loom CEO Joe Thomas on May 28, 2020

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Loom

Loom

140 2nd Street, 3rd Floor, San Francisco, California, 94102, United States

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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.

Founded

2016

Founded

Revenue

$50M

2023 Revenue

YOY
17.65%

YOY

Funding

$202.9M

Funding


Loom Revenue

In 2023, Loom revenue run rate hit $50M in revenue.

  • 2023

    Loom hit $50M in revenue in 2023

  • 2022

    Loom hit $42.5M in revenue in 2022

  • 2021

    Loom hit $35M in revenue in 2021

  • 2021

    Loom hit $35M in revenue in 2021

  • 2020

    Loom hit $5.9M in revenue in 2020

  • 2019

    Loom hit $720K in revenue in 2019

  • 2016

    Loom launched in 2016 with $0 revenue


Loom Funding History

  • 2023 Acquisition

    Loom raised a Acquisition of $0 at a $975M valuation in October, 2023

  • 2021 Series C

    Loom raised a Series C of $130M at a $1.5B valuation in May, 2021

  • 2020 Series B

    Loom raised a Series B of $28.1M at a $350M valuation in May, 2020

  • 2019 Series B

    Loom raised a Series B of $30M in November, 2019

  • 2019 Series A

    Loom raised a Series A of $11M in February, 2019

  • 2017 Seed Round

    Loom raised a Seed Round of $3.2M in May, 2017

  • 2016 Seed Round

    Loom raised a Seed Round of $600K in October, 2016

  • 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

-


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