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Loopt
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Loopt

http://loopt.com/
Last activity: 06.07.2021
Probably Closed
Categories: BusinessComputerEnterpriseInvestmentMobileServiceSocialSoftwareTechnology
Loopt, based in Silicon-Valley and backed by leading venture capital firms Sequoia Capital and New Enterprise Associates, has created an interoperable social-mapping service that allows individuals to use their location to discover the real world around them – enabling them to find and enjoy the people, places, and events that mean the most right here and now using their mobile phones.

With Loopt, individuals will always know who’s around, what to do, or where to go.
Likes
181
Followers
611
Mentions
241

Overview

Location
United States, California, Mountain View
Employees
11-50
Phone
+1 650-625-9549
Total raised
$15M
Founded date
2005

Investors 2

DateNameWebsite
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Jul 21, 2020Y Combinatorycombinator.com

Funding Rounds 1

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Mentions in press and media 241

DateTitleDescription
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Mar 9, 2012Before SXSW Sunk Its Valuation, Loopt Location App Sells To Green Dot For $43.4 Million CashWith a new class of passive location apps on the rise, failed geo-mobile apps of the past need to cut their losses, so Loopt today announced plans to sell to banking and payment solutions company Green Dot for $43.4 million. Green Dot hopes...
Mar 9, 2012Loopt was a lemon, dropping to just 500 daily active users prior to sale (updated)Did you miss a session from GamesBeat Summit 2022? All sessions are available to stream now. Learn more. [Update: Loopt founder Sam Altman says the 500 DAU number is off by 100 times, and says he’ll be posting data shortly to prove it. We’l...
Mar 9, 2012Prepaid card company Green Dot gets Loopt for $43.4MWe are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! Loopt, a mobile location services pioneer, has be...
Mar 9, 2012Prepaid card company Green Dot gets Loopt for $43.4MLoopt, a mobile location services pioneer, has been snapped up by an unlikely suitor. Green Dot, a company that specializes in prepaid debit cards, announced today that it has acquired the company for $43.4 million. Loopt started out as a w...
Mar 9, 2012How Green Dot Will Use Loopt To Go After Mobile PaymentsImagine you’re walking by your local cafe, and you get a notification on your phone that you’ll get a free bagel if you buy a cup of coffee. You walk inside, and make the purchase with your credit card — no need to take out your phone again...
Feb 16, 2012Glassmap Maps Your Friends So You Can “Jump Into Their Context”Glassmap launches today. Interesting name, right? It aptly describes a touchscreen map app. Co-founder Geoffrey Woo says the name is inspired by even more futuristic interfaces. For now, it’s an app that persistently shares your location wi...
Oct 18, 2011How Foursquare is moving beyond the check-in“We want to build tools that change the way all the people in this room experience the real world,” said Foursquare founder Dennis Crowley at the Web 2.0 Summit today, as he described his company’s retreat from the game mechanics that first...
Oct 18, 2011How Foursquare is moving beyond the check-inWe are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! “We want to build tools that change the way all t...
Sep 30, 2011Loopt In Process Of Receiving Broad Patent Covering Location-Based AdsLocation-based service Loopt has been allowed its first patent, and it could be a big one. The patent, as described, seems relevant to numerous existing products, including Google’s Latitude. In layman’s terms, it describes using your locat...
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FAQ about Loopt

When was Loopt founded?

Loopt was founded in 2005.

How much funding has Loopt raised?

Loopt has raised $15M in total across 1 funding round.

Who has invested in Loopt?

Parsers VC lists 2 investors of Loopt, among them Y Combinator.

What has the press written about Loopt?

Parsers VC has collected 241 articles mentioning Loopt, among them “Before SXSW Sunk Its Valuation, Loopt Location App Sells To Green Dot For $43.4 Million Cash” (Mar 9, 2012) and “Loopt was a lemon, dropping to just 500 daily active users prior to sale (updated)” (Mar 9, 2012).

Is Loopt still active?

Loopt is probably closed: its latest activity on Parsers VC dates from Jul 6, 2021.