AAA Loom spins $11m in series A

Loom spins $11m in series A

Loom, the US-based operator of a video messaging platform, secured approximately $11m on Tuesday in a series A round that included workplace collaboration tool developer Slack according to TechCrunch.

The round was led by venture capital firm Kleiner Perkins and included Slack as well as venture capital firm Point Nine Capital, actor Jared Leto and private investor Daniel Gross, Loom co-founder and head of business development Shahed Khan told TechCrunch.

Founded in 2016, Loom has built an online platform that enables users to record and send video messages to co-workers or customers. It also provides a premium version that offers high-definition video recording and video call-to-action functions, as well as editing and live drawing tools.

More than 1 million users have used the platform to foster collaboration with remote teams, provide information at a presentation or conduct external conversations with customers.

The company has now secured a total of $15m in equity financing, including an undisclosed amount of funding from Slack’s corporate venturing unit, Slack Fund, in July 2017.

Loom had previously raised money from General Catalyst and Point Nine Capital, as well as angel investors David Okuniev, Eric Wittman and Brian Balfour, according to Forbes.

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