Loopio, a Toronto, Canada-based RFP response solution, raised $9m in Series A financing.
The round was led by OpenView. In conjunction with the funding, OpenView Partner Ricky Pelletier will join Loopio’s Board of Directors.
The company will use the funds to accelerate product development and expand its Sales and Engineering teams in Toronto (with plans to hire over 50 people in 2018).
Led by Zakir Hemraj, Co-founder and CEO, Loopio provides RFP Software, which enables enterprises to streamline collaboration on responding to RFPs, RFIs, and Security Questionnaires.
The company serves over 300 organizations, including Thomson Reuters, IBM, Netskope, Sprinklr, Citrix, and more.