When was Loop founded?

Loop was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Loop located?

Loop is headquartered in Chicago, United States.

Who is the current CEO of Loop?

Matt McKinney of Loop. They have also founded 1 company and are angel investors in 2 startups.

How many employees does Loop have?

As of Jul 31, 2026, the latest employee count at Loop is 179.

Is Loop a funded company?

Loop is a funded company, having raised a total of $160M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2021.

When was the latest funding round of Loop?

Loop's latest funding was a $***** Series C round on Apr 17, 2026, with participation from 7 investors. Its primary sector is Logistics Tech. In United States, the Logistics Tech sector has seen $2.37B in funding in 2026 to date.

Where does Loop rank among its competitors?

Loop ranks 1st amongst 44 active competitors, of which 7 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Loop, which secured $95M in Apr, 2026.

Who are the top competitors of Loop?

Loop's top competitors include PayCargo, CargoSprint and QuikQ. Among them, Loop secured the most recent funding round in April, 2026.

Loop - 2026 Company Profile, Team, Funding & Competitors

Loop is a series C company based in Chicago (United States), founded in 2021 by Matt McKinney. It operates as a Provider of supply chain software for freight and parcel management. Loop has raised $160M in funding from investors like Index Ventures, Founders Fund and J P Morgan. The company has 44 active competitors, including 7 funded and 3 that have exited. Its top competitors include companies like PayCargo, CargoSprint and QuikQ.

Company Details

Provider of supply chain software for freight and parcel management. The platform uses artificial intelligence to ingest, standardize, and audit transportation data from various sources and document formats. It automates invoice processing, expense allocation, and carrier dispute resolution to identify billing errors and optimize logistics costs. The technology integrates with enterprise systems to provide visibility into shipping performance and financial metrics, enabling data-driven decision-making across transportation networks.

Website: www.loop.com/
Email ID: *****@loop.com

Key Metrics

Founded Year

2021

Location

Chicago, United States

Stage

Series C

Total Funding

$160M in 4 rounds

Latest Funding Round

Series C, Apr 17, 2026, $*****

Investors

Index Ventures & 21 more

Ranked

1^st among 44 active competitors

Employee Count

179 as on Jul 31, 2026

Investment & Acquisitions

StrategIQ Commerce

Similar Companies

NextBillion AI & 233 more

View Loop's full profile

Loop has raised a total funding of $160M over 4 rounds. Its first funding round was on 2021. Its latest funding round was a Series C round on Apr 17, 2026 for $*****. 7 investors participated in its latest round. Loop has 20 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Loop:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 17, 2026	8694084	Series C	5663118	3191554	7036275	7724503
Oct 03, 2023	5009391	Series B	8186111	7108727	1971126	6777964
Nov 03, 2022	3473968	Series A	5699145	1248440	Founders Fund	Wischoff & 9 more

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View details of Loop's funding rounds and investors

The founders of Loop is Matt McKinney. Matt McKinney is the CEO of Loop.

Here are the details of Loop's key team members:

Matt McKinney: Co-Founder & CEO of Loop. They are also an angel investor in 2 startups.
Contact Info: 1 email address

View details of Loop's Founder profiles and Board Members

Loop's employee count trend

Loop has 179 employees as of Jul 26. Here is Loop's employee count trend over the years:

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Top competitors of Loop include PayCargo, CargoSprint and QuikQ. Here is the list of Top 10 competitors of Loop, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Loop 2021, Chicago (United States), Series C	Provider of supply chain software for freight and parcel management	$160M	Susa Ventures, Tao Capital Partners & 20 others	69/100
2nd	PayCargo 2005, Coral Gables (United States), Series C	Provider of a platform for logistics vendors to manage payments	$290M	Insight Partners, Blackstone & 1 others	61/100
3rd	CargoSprint 2012, Peachtree City (United States), Acquired	Provider of solutions for cargo fee payments, appointments, and visibility	-	-	48/100
4th	QuikQ 2008, Franklin (United States), Series B	Fuel payment solutions for the logistics industry	-	TravelCenters of America, Love's Travel Stops	46/100
5th	Morpheus Network 2017, Taipei (Taiwan), Funding Raised	Provider of blockchain and web-enabled automated global supply chain management platform	-	Venture 53, Red Swiss Venture Capital	44/100
6th	LC LITE 2018, Singapore (Singapore), Acquired	Supply chain solution and service provider	-	-	40/100
7th	Sino United 2009, Flushing (United States), Unfunded	Provider of venture financing and research and development in technology sectors	-	-	39/100
8th	Eximchain 2016, Boston (United States), Deadpooled	Provider of blockchain-based supply chain management solutions	$20.1M	FBG Capital, Lair East Labs & 14 others	38/100
9th	Netree 2007, Delhi (India), Seed	Provider of mobile-based retailers engagement and smart POS solutions	$748K	Jetty Ventures, Udayavani & 45 others	35/100
10th	JITpay ™ 2016, Braunschweig (Germany), Late Stage	Provider of billing, accounting, receivables management and factoring automation solutions for logistics	-	W.A.G. payment solutions	33/100