Loopt shows users where friends are located and what they are doing via detailed, interactive maps on their mobile phones. Loopt helps friends connect on the fly and navigate their social lives by orienting them to people, places and events. Users can also share location updates, geo-tagged photos and comments with friends in their mobile address book or on online social networks, communities and blogs. Loopt was designed with user privacy at its core and offers a variety of effective and intuitive privacy controls.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 06/01/05 | Seed | 0.015M | Angel Investment Partners | Unknown |
| 01/01/06 | Series A | 8M | Draper Fisher Jurveston, Russell Siegelman | Unknown |
| 07/01/07 | Series B | 8.25M | Maveron, WPP | Unknown |
People
Aditya Palande (VP Engineering)
Ra Roath (Co-Founder)
Kenneth Bell (Director of Operations)
Michael Ramsay (Board Member)
Greg McAdoo (Board Member)
Competitors
Location Labs:
Location Labs is the leader in Location Based Services for mobile phone developers. Our goals are… See Company Profile »
Postabon:
At Postabon we love the satisfaction of a great find - the one day 50%-off holiday… See Company Profile »
Gowalla:
Share your experiences and discover new places. Everywhere you go. - Share your experiences through Gowalla… See Company Profile »
Glympse:
Think about it: How often do you share information about your location with friends, family or… See Company Profile »
Foursquare:
foursquare is a free app that helps you and your friends make the most of where… See Company Profile »
News
Loopt was a lemon, dropping to under a million daily active users prior to sale (updated)
March 10, 2012 12:23 am
[Update: Loopt founder Sam Altman says the 500 DAU number is off by more than 100 times, and says he'll… Continue reading ⟩
Prepaid card company Green Dot gets Loopt for $43.4M
March 9, 2012 5:03 pm
Loopt, a mobile location services pioneer, has been snapped up by an unlikely suitor. Green Dot, a company that specializes… Continue reading ⟩
Loopt lets local business customers request daily deals
June 22, 2011 3:15 pm
Loopt, an early leader in location-based services, today announced the launch of Loopt u-Deals, a feature that allows consumers to… Continue reading ⟩