When was Loopit founded?

Loopit was founded in 2020 and raised its 1st funding round 2 years after it was founded.

Where is Loopit located?

Loopit is headquartered in Sydney, Australia.

How many employees does Loopit have?

As of Aug 31, 2026, the latest employee count at Loopit is 13.

Is Loopit a funded company?

Loopit is a funded company, having raised a total of $6.23M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jul 03, 2022.

When was the latest funding round of Loopit?

Loopit's latest funding was a $***** Seed round on Jun 21, 2024, with participation from 5 investors. Its primary sector is Road Transport Tech. In Australia, the Road Transport Tech sector has seen $12.6M in funding in 2026 to date.

What is the annual revenue of Loopit?

Annual revenue of Loopit is less than €1M as on Dec 31, 2024

Where does Loopit rank among its competitors?

Loopit ranks 3rd amongst 45 active competitors, of which 3 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Loopit, which secured $2.63M in Jun, 2024.

Who are the top competitors of Loopit?

Loopit's top competitors include CDK Global, Carbar and Carly. Among them, Loopit secured the most recent funding round in June, 2024.

Loopit - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of software for vehicle rental, subscription, and fleet management. The platform enables operators to manage rentals, subscriptions, and leasing from a single system. It offers features such as customer verification, mileage tracking, and dynamic pricing. The software supports various industries, including automotive, dealerships, rental agencies, and fleet operators.

Website: www.loopit.co/en-us
Email ID: *****@loopit.com.au
Phone Number: +61 **********

Key Metrics

Founded Year

2020

Location

Sydney, Australia

Stage

Seed

Total Funding

$6.23M in 2 rounds

Latest Funding Round

Seed, Jun 21, 2024, $*****

Investors

Tidal & 5 more

Ranked

3^rd among 45 active competitors

Annual Revenue

€0 - €1M as on Dec 31, 2024

Employee Count

13 as on Aug 31, 2026

Similar Companies

Autonomy & 383 more

View Loopit's full profile

Loopit is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
LOOPIT MOBILITY LTD CIN: 13641262 , United Kingdom, Active	Sep 24, 2021	-	1 (As on Jun 30, 2024)
LOOPIT d.o.o. CIN: 17955746404 , Croatia, Active	Apr 25, 2019	€0 - €1M (As on Dec 31, 2024)	-

Loopit has raised a total funding of $6.23M over 2 rounds. Its first funding round was on Jul 03, 2022. Its latest funding round was a Seed round on Jun 21, 2024 for $*****. 5 investors participated in its latest round. Loopit has 6 institutional investors.

Here is the list of recent funding rounds of Loopit:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 21, 2024	5001981	Seed	9915476	8720349	1397994	3795703
Jul 03, 2022	6163497	Seed	2467995	2309947	Tidal	6591444

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View details of Loopit's funding rounds and investors

The founders of Loopit are Paul Higgins and Michael Higgins.

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

Paul Higgins: Co-founder of Loopit and founder of 1 other company.
Michael Higgins: Co-founder of Loopit.
Contact Info: 1 email address

View details of Loopit's Founder profiles and Board Members

Loopit's employee count trend

Loopit has 13 employees as of Aug 26. Here is Loopit's employee count trend over the years:

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Top competitors of Loopit include CDK Global, Carbar and Carly. Here is the list of Top 10 competitors of Loopit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CDK Global 1972, Hoffman Estates (United States), Acquired	Platform offering software and services for automotive retail operations	-	Elliott Management, Sachem Head & 1 others	69/100
2nd	Carbar 2016, Nunawading (Australia), Acquired	Online car subscription platform	$33.1M	Seven West Media, IAG & 4 others	58/100
3rd	Loopit 2020, Sydney (Australia), Seed	Provider of software for vehicle rental, subscription, and fleet management	$6.23M	Tidal, Common Sense Ventures & 4 others	52/100
4th	Carly 1994, Sydney (Australia), Early Stage	Online-platform for subscription-based car rentals	$1.5M	Sgfleet	40/100
5th	Modera 2000, Tallinn (Estonia), Unfunded	Digitization solutions for automotive dealerships	-	Bellone Invest, Pinorena Capital	37/100
6th	Pentana Solutions 1974, Mount Waverley (Australia), Funding Raised	Dealership management system for auto industry	-	Constant Innovation	32/100
7th	Revolutions Software Services 1994, Sydney (Australia), Acquired	Dealership management system for auto retailers	-	-	31/100
8th	Jeal 1983, Saint Marys (Australia), Acquired	Software solution provider for automotive and food & beverage industries	-	-	31/100
9th	Auto-IT 2000, Melbourne (Australia), Acquired	Dealer management system for auto and equipment dealers	-	-	30/100
10th	Webco Workshop 2020, Kew (Australia), Unfunded	Cloud-driven ERP software for the automotive industry	-	-	29/100