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INDUSTRY FIRST

Loops.Ai Launches With $14 Million Seed, Led By Scale Venture Partners, To Empower Companies To Crush Their Kpis

Nov 15, 2022over 2 years ago

Amount Raised

$14 Million

Round Type

seed

Tel AvivBig DataSoftwareAnalytics

Investors

Cardumen CapitalScale Venture Partners

Description

Loops.ai, a new company that has developed the first Product Growth Platform, today announced its public launch with $14 million in Seed funding. Scale Venture Partners led the round, with participation from Cardumen Capital and several prominent product and growth leaders, including Brian Balfour (Founder/CEO of Reforge, former VP of Growth at Hubspot), Lenny Rachitsky (owner of Lennysnewsletter and former product lead at Airbnb), Casey Winters (Former CPO of Eventbrite and Growth Lead at Pinterest), Darius Contractor (Former Chief Product and Engineering Officer of Vnder and VP of Growth at Airtable) and Ben Shanken (VP of Product at Discord). The company will use the funds to continue refining its proprietary insights engine and scaling its team.

Company Information

Company

Loops.ai

Location

Tel Aviv, Tel Aviv District, Israel

About

Loops helps companies crush their KPIs by identifying concrete opportunities from their data. We offer an easy-to-integrate platform that runs thousands of analyses and data science models across your data, proactively finds impactful growth opportunities and delivers them to your doorstep. While other analytics solutions leave you with dashboards and graphs to analyze and decipher, we process the data, extract the insights and produce a clear and intuitive "news-feed" showing impactful ways to boost conversion, retention, engagement, and other important metrics.

FundzWatch™ Score

65
Medium Activity

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech