Startup · $7.6m raised · Software
Sydney software company whose platform underpins subscription and rental services worldwide
Sydney, NSW
Every investor coverage indicates participated in a round Loopit raised.
| Investor | Rounds | Invested |
|---|---|---|
| Luxem | Seed · Seed | - |
| AeroCorp | Seed | - |
| BetterLabs | Seed | - |
| Common Sense | Seed | - |
| Common Sense Ventures | Seed | - |
| Royal Automobile Club of West Australia | Seed | - |
| Tidal | Seed | - |
| Upswell | Seed | - |
| Tidal Ventures | Seed | - |
| Upswell Ventures | Seed | - |
Companies Loopit acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Alex Omar | Customer Success Manager | Australian FinTech (15 Dec 2022), Australian FinTech (20 Oct 2022) |
| Havva Cakir | UX/UI Designer | Australian FinTech |
| Michael Higgins | Managing Director · Founder | Australian FinTech (15 Dec 2022), Australian FinTech (20 Oct 2022), Australian FinTech (29 Sep 2022), Australian FinTech (26 Sep 2022), Australian FinTech (31 Aug 2022), Australian FinTech (5 Aug 2022), SmartCompany, Tidal Ventures portfolio |
| Nima Idel | Head of Product Growth | Australian FinTech (15 Dec 2022), Australian FinTech (31 Aug 2022) |
| Paul Higgins | Director · Founder | Startup Daily, SmartCompany, Australian FinTech, Tidal Ventures portfolio |
Stories naming Loopit. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Carbar has bought the HelloCars Subscription brand from software firm Loopit, keeping it as a budget option beside its existing brands, while Loopit focuses on its subscription software business.
Roundup of nine local startups that together banked a combined $38m-plus this week, spanning precision instruments, proptech, adtech, robotics, food, energy storage and AI, with several earlier raises recalled.
Also Australian FinTech·Startup Daily·SmartCompany·AgFunderNews
Vehicle subscription software firm Loopit says it has attained SOC 2 data-security compliance, with help from Vanta and an audit by Johanson Group, strengthening trust for its enterprise clients.
Sydney car subscription software firm Loopit has hired Alex Omar as Customer Success Manager, its latest team addition following a $3.6 million capital raise, with co-founder Michael Higgins welcoming the appointment.
Car subscription software firm Loopit has released TruPass, a digital KYC and fraud prevention suite for mobility providers, following a recent AUD$3.6 million external capital raise.
Sydney dealership group Phil Gilbert partners with subscription platform Loopit, which also recently completed a 3.6 million dollar seed round led by Tidal Ventures with Upswell Ventures and Luxem participating.
Car subscription software firm Loopit hires Nima Idel to lead product growth, shortly after completing its first external capital raise of $3.6 million as it plans further expansion.
A roundup of Australian startups that raised funds in recent weeks: mx51, Refundid, Storipress, HIVERY, InternMatch, upcover, Pearler and Loopit together secured over $100 million despite a cooling venture market.
Also Cut Through Venture
Tidal Ventures' investment note explains why it led car-subscription software firm Loopit's seed round, covering market tailwinds, the platform, the Higgins brothers' background and the business model.
Also SmartCompany·SmartCompany·Australian FinTech·Australian FinTech