Loom
Instant video messaging for businesses
- 201-500 employees
- B2B
- Communication
- SaaS
- Video
- Yerba Buena, San Francisco, CA
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Company mission
To empower everyone at work to communicate more effectively, wherever they are.
-12% employee growth in 12 months
Our take
As remote work has become an increasingly popular way of working, leaving there has been a real market appetite for innovation. Loom offer a user-friendly, one-way video messaging service that hopes to offer more efficient and informative communication, especially to businesses.
The company's hypergrowth led to it achieving Unicorn status in mid 2021, and has continued to expand its features. The company has over 14 million users, as it has solidified itself as a go-to service for companies.
Company buzz (especially from celebrity backers and clients like Netflix and Lacoste) can be a double-edged sword, Loom will have to ensure they can continue to deliver on the hype. The company's software developer kits have encouraged a broad range of companies to adopt the video messaging model free of charge, enshrining video-messaging in company practice in a way that has established Loom’s position as a leading service.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Paid parental leave
- Home office & technology reimbursement
- Life, AD&D, Short and Long Term Disability Insurance
- Competitive compensation and equity package
- Wellness stipends
- Flexible Spending Account (FSA) and Dependent Care Flexible Spending Account (DCFSA)
- Professional development reimbursement
- 99% company paid medical, dental, and vision coverage for employees and dependents (for US employees)
- Healthcare reimbursement (for International employees)
- 401(k) with 4% company matching
- Unlimited PTO
- Remote work opportunities
Funding (last 2 of 6 rounds)
May 2021
$130m
SERIES C
May 2020
$28.8m
SERIES B
Total funding: $203.6m
This company has top investors
Leadership
Joe Thomas
(CEO)Co-founder and Head of Business Development at Redesign Agency. Was Director of Operations at MediaPass. Was Director of Product at MyLife.com.
Vinay Hiremath
(CTO)Previously worked in Software Engineering roles at Backplane and upthere.