Loopie
About this raise
Loopie, with a valuation of $14 million, is raising funds on Wefunder. It is a peer-to-peer laundry marketplace that connects busy individuals with reliable laundry doers. The app enables users to schedule their dirty laundry to be picked up, washed, folded, and delivered back within 24 hours. Loopie also enables laundry doers to become micro-entrepreneurs, choose their workload and working hours, and earn extra income. John Lee founded Loopie in January 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, product, and operating costs.
Investment Overview
Invested : $113,710
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/12/2023
- Close Date
- 11/13/2023
$50,000
$1,235,000
$250
Convertible Note
Growth Stage
RegCF
$14,000,000
20%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- C2C
- Margin
- Low
- Capital Intensity
- Low
Financials
- Revenue +65% YoY
-
$1,316,029
as of FY2022
- Monthly Burn
-
$179,410
as of FY2022
-
Runway
-
1.8 months
as of FY2022
- Gross Margin
-
18%
as of FY2022
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $4,720,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/13/2023 | Wefunder | $14,000,000 | $113,710 | Convertible Note | Funded | RegCF |
