Loop has raised $4.7 million in a funding round to accelerate its growth and enhance its financial services platform. The round was led by several investors including Mistral Venture Partners and Luge Capital.

Mar 27, 2025•4 months ago

Amount Raised

$4.7 Million

Round Type

seed

Austin

Investors

Conconi Growth PartnersWedbush VenturesGraphite VenturesLuge CapitalMistral Venture Partners

Description

Loop, a Toronto-based fintech specializing in cross-border business banking, has secured $4.7 million in its second funding round since launching in 2022. The funding was contributed by Mistral Venture Partners, Luge Capital, and others, adding to the $2.9 million previously raised. The company will use this funding to bolster its growth and develop its integrated finance platform for businesses. Loop aims to provide efficient management of international financial operations for small to mid-sized enterprises.

Company Information

Company

Shorter Loop

Location

Austin, Texas, United States

About

The ShorterLoop platform is a team's innovation coach in the cloud. It guides the teams step by step as they make their idea concrete. ShorterLoop forces you to face the hard questions - Who exactly is our customer? Are we focusing on the right problem? Is our solution the right one? Are there people willing to pay for our solution? and so on. Then ShorterLoop shows you how to go about finding answers to those critical questions. With our system of interconnected innovation canvas tools, insightful dashboards and smart coaching built into the platform, we help democratize innovation. Teams of all sizes and maturity levels use ShorterLoop to deliver great product that customers love - rapidly, confidently, and sustainably

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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