Loop, a San Francisco, CA-based SaaS provider enabling restaurants to maximize their third-party delivery service profitability, raised $6M in Seed funding.
The round was led by Base10 Partners with participation from Afore Capital.
The company intends to use the funds to accelerated growth, and invest in its suite of products to serve restaurants’ complex back office needs.
Led by Anand Tumuluru, CEO, Loop provides an AI-powered restaurant back office platform that already serves brands like Dave’s Hot Chicken, Freddy’s Frozen Custards, Mo’Bettahs (Savory Fund Portfolio) and Mooyah (Gala Group) across thousands of locations, addressing critical pain points such as financial reconciliation & bookkeeping, sales tax & franchise fee liability, real-time store availability management, and marketing optimization, and reconciling over $100M of restaurant transactions.
FinSMEs
12/03/2024