Loopie

Lyft for laundry! (Wash & fold delivery mobile app marketplace!)

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Form C
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Security Type
Convertible Note
Categories
Technology, Retail, Community & Lifestyle, Financial Services
Min Investment
$250
Location
Seattle, WA
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$1.24M
No. Investors
189
Security Price
$1
Website
loopielaundry.com
Number of Employees
9
Cash
$321,482
Revenue
$1,316,029
Short Term Debt
$4,606,996
Cost of Goods
$1,076,245
Long Term Debt
$125,000
Net Income
$-2,152,916

Key Deal Facts

๐Ÿ’ฐ$4M raised to date from VCs and notable Angels - including Jason Calacanis
๐Ÿ’ธ $3M revenue to date
๐Ÿงบ 35,500+ orders completed in 9 markets
๐Ÿ‘• 94,000+ bags of laundry washed
๐Ÿข Business customers include Amazon, Glossier, and SoulCycle
๐Ÿ  A platform where washers can earn income from the comfort of home

Management Team / Advisory Board Bios

John Lee Founder and CEOI am passionate about building communities. Everything I do is based on the premise of creating something that can benefit the world we live in, and our experience of it., Kristin Knaus Director of OperationsExperienced in process documentation and improvement. Skilled in concise and positive communication with extensive on-the-field operations experience., Henry Meek Director of Strategy and FinanceCambridge graduate, skilled comprehension of data science, tech, and finance., Alexander Mario Design LeadBackground in Industrial & Systems Engineering and Fine Arts, contributing to Loopie's marketing, product design and operations with attention to User Experience., Maryclaire Piccoli Strategic AdvisorProviding leadership and radical candor for over 20 years to the Hospitality and Healthcare Industry. A true believer that Culture is the key to success for every emerging and growing organization.
Amount Raised : $440,765
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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