Loom Acquisition, Valuation, Funding & Investors
Loom was acquired by Atlassian for $975M in October 2023.
Loom revenue
$15M
Series C · May 2021
Cumulative funding Loom raised
$205M
across 7 funding rounds
Key investors in Loom
Kleiner Perkins
Sequoia Capital
General Catalyst
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Dylan FieldCoatue
- Andy Chou
About Loom
San Francisco-headquartered Loom is a video messaging platform that captures screen, camera, and narration in seconds for asynchronous workplace communication. Users at companies like HubSpot, LinkedIn, and Duolingo record clips shared via instant links without editing or uploads. Founded in 2016 as a Y Combinator company, Loom supports integrations with Slack, Gmail, and Jira. Acquired by Atlassian in 2023, it now enhances team collaboration across remote and hybrid environments worldwide.
Founded
2016
HQ
San Francisco, CAWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$15M (May 2021)
Valuation
$1.5B (May 2021)
Loom Acquisition
Loom was acquired by Atlassian for $975M on 12 October 2023.
Before the acquisition Loom had raised $205M across 7 funding rounds.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 12 Oct 2023 | Strategic M&A | $975M |
Loom Valuation
Loom is currently valued at $1.5B, based on its Series C in May 2021.
The $130M round was led by Andreessen Horowitz, with participation from General Catalyst, ICONIQ Capital, Kleiner Perkins, Sequoia Capital and Coatue.
Loom's valuation has grown 8.7x from $175M at its Series B in November 2019 to $1.5B in May 2021, across 3 priced rounds.
Loom valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2021 | Series C | $1.5B | 102.0x |
| May 2020 | Series B | $350M | - |
| Nov 2019 | Series B | $175M | 19.4x |
Loom Revenue
Loom's latest recorded revenue is $15M, as of its Series C in May 2021.
Revenue grew from $9M in November 2019 to $15M in May 2021.
Loom revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2021 | $15M | $1.5B | 102.0x | Series C |
| Nov 2019 | $9M | $175M | 19.4x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Loom Funding History
Loom has raised a total of $205M across 7 funding rounds.
Loom's first fundraising round was a $1M seed round in October 2013. The most recent completed round was a $130M Series C in May 2021.
Loom funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2021 | Series C | Andreessen Horowitz (lead); General Catalyst; ICONIQ Capital; Kleiner Perkins; Sequoia Capital; Coatue | $130M | $1.5B | Loom, a video messaging platform enabling asynchronous screen and camera recordings for workplace communication, raised $130 million in its Series C round on May 1, 2021, led by Andreessen Horowitz with participation from Coatue, General Catalyst, ICONIQ Growth, Kleiner Perkins, and Sequoia Capital, achieving a post-money valuation of $1.53 billion. The funding was aimed at scaling video messaging for hybrid work environments and driving product innovation. At the time, Loom had reached $35 million in annual recurring revenue (ARR), reflecting rapid growth from $720k ARR in 2019 amid the rise of remote work tools. The 2021 round valued Loom at approximately 100x ARR, capturing peak market multiples during a period of extraordinarily high valuations for SaaS companies, particularly those benefiting from pandemic-driven demand for collaboration software. Loom had previously raised in a May 2020 Series B round of $28.75 million led by Coatue and Sequoia. By the Atlassian acquisition in 2023 for $975 million, ARR had grown to $50 million, but the exit reflected a cooldown in multiples to around 20x. Loom's traction included millions of users by 2023, with over 25 million total users and 200,000 paying customers from major corporations, positioning it as a key player in asynchronous communication against competitors in video conferencing and collaboration spaces. The company originated from Opentest, a user testing marketplace, before pivoting multiple times to its current product-market fit in quick video sharing without app-switching. |
| May 2020 | Series B | Coatue (lead); Sequoia Capital (lead); General Catalyst; Kleiner Perkins; Dylan Field; Slack Fund; Jay Simons | $29M | $350M | - |
| Nov 2019 | Series B | Sequoia Capital (lead); Kleiner Perkins; Mathilde Collin; Dylan Field; Mike Krieger; Kevin Systrom | $30M | $175M | Loom is a video messaging platform founded in 2016 that enables users to record and share quick, instantly shareable videos for work communications, targeting teams and companies to improve asynchronous collaboration. On November 26, 2019, Loom raised $30 million in a Series B funding round led by Sequoia Capital, with participation from Kleiner Perkins, Dylan Field (Figma), Mathilde Collin (Front), Kevin Systrom, and Mike Krieger (Instagram co-founders), bringing total funding to over $44 million following a prior $11 million Series A in late 2018. At the time, Loom reported strong early traction with more than 15 million minutes of videos shared and watched monthly by over 1.8 million people across 50,000 companies. A subsequent Series B round in June 2020 raised $28.8 million co-led by Sequoia Capital and Coatue Management at a $350 million valuation, which sources indicate doubled the valuation from the November 2019 round, implying a $175 million post-money valuation for the queried round. Loom competed in a crowded screen recording and video sharing space against tools like Screencast-O-Matic, CloudApp, and TechSmith, positioning itself as a more effective async communication tool for workplaces. The company continued raising capital, reaching a Series C valuation of $1.53 billion in May 2021 and ultimately being acquired by Atlassian for $975 million in October 2023 after total funding exceeded $200 million. |
| Feb 2019 | Series A | Kleiner Perkins (lead); Daniel Gross; Jared Leto; Dylan Field | $11M | - | Loom raised $11 million in a Series A funding round on February 19, 2019, led by Kleiner Perkins, with participation from Daniel Gross, Dylan Field, Jared Leto, and existing investors including General Catalyst, Point Nine Capital, and the Slack Fund. The total funding at that point reached nearly $15 million. The company planned to use the proceeds to roll out new product offerings for business users and fuel growth. Loom is a work communication tool that enables users to create and share instantly shareable videos. At the time of the round, Loom had over one million users across 18,000 teams worldwide, who recorded nearly one million videos every month. It integrated with platforms like Slack, Intercom, and Google Drive. The company launched Loom Pro, its first premium offering, featuring HD recording, video call-to-action, clip editing, live drawing, and viewer insights. Loom's co-founders were recognized on Forbes' 30 Under 30 list in the enterprise technology category. |
| May 2017 | Seed | General Catalyst (lead); Point Nine (lead); Slack; Hiten Shah; Long Journey Ventures; Brian Balfour; Social Capital; Andy Chou | $3M | - | Loom raised a $3.2 million seed round on May 22, 2017, led by General Catalyst and Point Nine, with participation from investors including Slack Fund, Andy Chou, Brian Balfour, Hiten Shah, Lee Jacobs, and Social Capital. The funding supported team expansion and accelerated product development for its video messaging platform. This followed an initial $600,000 seed round in October 2016 led by 1517 Fund. Loom continued raising capital, including an $11 million Series A in February 2019 led by Kleiner Perkins, bringing total funding at that point to nearly $15 million. |
| Oct 2016 | Seed | 1517 Fund (lead); Elementum Ventures; Eric Wittman; Andy Chou | $600K | - | - |
| Oct 2013 | Seed | GV; Slow Ventures; Hammerstone; Tencent; Knygt Erraunt LLC; Overbrook Entertainment; Damon Way; Great Oaks Venture Capital; Yoshinari Yoshikawa | $1M | - | - |
Who has invested in Loom?
33 investors have backed Loom across its funding rounds, including Kleiner Perkins, Sequoia Capital, General Catalyst, Dylan Field, Coatue and Andy Chou.
Lead investors include Andreessen Horowitz, Coatue, Sequoia Capital, Kleiner Perkins, General Catalyst and 2 other investors.
Loom Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 4 | Lead | Feb 2019 | |
| San Francisco, CA | 3 | Lead | May 2017 | |
| Dylan Field | Penngrove, CA | 3 | Participant | Feb 2019 |
| San Francisco, CA | 3 | Lead | Nov 2019 | |
| New York City, NY | 2 | Lead | May 2020 | |
| Andy Chou | San Francisco, CA | 2 | Participant | Oct 2016 |
| Daniel Gross | San Francisco, CA | 1 | Participant | Feb 2019 |
| San Francisco, CA | 1 | Participant | May 2021 | |
| San Francisco, CA | 1 | Participant | May 2017 | |
| San Francisco, CA | 1 | Participant | Oct 2013 | |
| San Francisco, CA | 1 | Participant | May 2017 | |
| San Francisco, CA | 1 | Participant | Oct 2013 | |
| Washington, DC | 1 | Participant | Oct 2013 | |
This data is available for Pro users. Sign up to see all 33 Loom investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialLoom Competitors
Loom competitors include listed companies like Montnets and Cybozu, and private ones like Aircall, Glia, Infobip and Kakao Enterprise.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| New York City, NY | Private | $175M | - | $1B | 5.7x | |
 Tallin | Private | - | - | $1B | - | |
 Vodnjan | Private | - | - | $1B | - | |
 Seongnam | Private | - | - | $1B | - | |
 China | Publicly listed | $389M | ($17M) | $908M | - | |
 Japan | Publicly listed | $241M | $84M | $881M | 3.1x |
Loom Public Comps
Loom is no longer listed, but its public comps include Montnets, Cybozu, Pexip, Teamviewer, Vercom, Truecaller, Tanla Platforms, Enghouse Systems, Consensus Cloud and Bandwidth.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $389M | ($17M) | 2.5x | - | (55.5x) | - | |||
| $241M | $84M | 3.4x | 3.1x | 9.8x | 9.2x | |||
| $118M | $29M | 6.6x | 5.7x | 26.6x | 18.6x | |||
| $860M | $310M | 2.5x | 2.5x | 7.0x | 5.9x | |||
| $125M | $34M | 5.9x | 5.2x | 21.8x | 18.2x | |||
| $195M | $61M | 3.2x | 3.4x | 10.2x | 11.8x | |||
| $461M | $76M | 1.2x | 1.2x | 7.6x | 7.1x | |||
| $357M | $87M | 1.4x | 1.4x | 5.6x | 5.6x | |||
This data is available for Pro users. Sign up to see all Loom competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Loom
| When was Loom founded? | Loom was founded in 2016. |
| Where is Loom headquartered? | Loom is headquartered in San Francisco, CA, United States. |
| Is Loom publicly listed? | No, Loom was acquired by Atlassian in October 2023. |
| Who acquired Loom? | Loom was acquired by Atlassian in October 2023. |
| How much was Loom acquired for? | Loom was acquired for $975M in October 2023. |
| What is Loom's valuation? | Loom was last valued at $1.5B in its Series C in May 2021. |
| How much funding has Loom raised? | Loom has raised $205M across 7 funding rounds. |
| What was Loom's last funding round? | Loom's last funding round was a $130M Series C in May 2021, led by Andreessen Horowitz. |
| Who are Loom's investors? | Loom's investors include Kleiner Perkins, General Catalyst, Dylan Field, Sequoia Capital, Coatue, Andy Chou, Daniel Gross, ICONIQ Capital, Slack, GV and 23 others. |
| What is Loom's revenue? | Loom's latest recorded revenue is $15M (May 2021). |
| Which companies are comparable to Loom? | Companies comparable to Loom include Aircall, Glia, Infobip, Kakao Enterprise, Montnets and Cybozu. |
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