Loom Raises $130M in Series C Funding; Valued at $1.53 Billion


Loom, a San Francisco CA-based company that specializes in video messaging platform for work, raised $130m in Series C funding.

The round, which valued the company at $1.53 Billion, was led by Andreessen Horowitz, with participation from Iconiq Growth, Kleiner Perkins, Sequoia Capital, Coatue Management, and General Catalyst.

The company will use the funds to build to drive product innovation, and scale operations globally.

Led by Joe Thomas, co-founder and CEO, Loom is a video messaging platform for work enabling users to communicate through videos that are instantly ready to record, share and watch anywhere. It’s now used by 10+ million people across 120,000 companies and 192 countries to share updates, provide feedback, communicate with customers, and augment meetings.