Loom, a US-based video messaging platform backed by enterprise software producer Slack, has closed a $130m series C round led by Andreessen Horowitz.
The round, which valued Loom at $1.53bn, also attracted Iconiq Capital, Kleiner Perkins, Sequoia Capital, Coatue Management and General Catalyst.
Loom operates a platform that allows co-workers to send each other recorded video messages, rather than communicating in real time. It will use the money to drive research and development activities.
Loom has now raised $203m in funding altogether. It closed a $28.8m series B round co-led by Sequoia Capital and Coatue Management in May 2020, when Slack participated through its Slack Fund.
The series B round also included Kleiner Perkins, General Catalyst and private investors Jay Simons and Dylan Fields.
Kleiner Perkins led an $11m series A round in February 2019, when Slack Fund and private investors Daniel Cross and Jared Leto also invested. Details about Loom’s seed round could not be confirmed.
