.
MergerLinks Header Logo

Announced

Completed

Andreessen Horowitz led a $130m Series C round in Loom.

Financials

Edit Data
Transaction Value£91m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Domestic

digital communications

United States

Private Equity

Completed

video platform

Software

Minority

Friendly

Venture Capital

Acquisition

Private

Single Bidder

Synopsis

Edit

Andreessen Horowitz, a private American venture capital firm, led a $130m Series C round in Loom, a video messaging platform for work, with participation from ICONIQ Growth, Kleiner Perkins, Sequoia Capital, Coatue Management, and General Catalyst. "The time is now to rethink how work happens, the tools that support it, and how they fit together. This is a change on a generational scale. That begins with embracing new models of working, but also using tools that foster high-performing, sustainable cultures. We believe Loom is the future of communication at work and essential to making that shift successfully. Our growth over the past year, coupled with this new financing, validate that we’re well on our way to delivering a new standard for teams worldwide," Joe Thomas, Loom CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US