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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
Company values
- Ask for More: We surround ourselves with individuals who consistently raise the bar in everything they do — who ask for more from themselves and everyone around them.
- Remote First: We want to work with the best people in the world, no matter where they are. It’s critical we communicate in a way that everyone is able to engage as equals.
- Embrace the Weird: It’s our weird parts that come together and make a very special whole as we all bring unique perspectives to the table. Here's to the weird ones!
- Lead with Transparency: When information is open and accessible we’re able to make better decisions, faster. It’s our default. We only consider privacy if someone will be negatively impacted.
- Growth through Empathy: Let go of negative feelings and instead focus on personal growth. We care for each other deeply which is where the most growth happens.
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.