Funding Details
- Awarder
- RSS - techcrunch.com
- Date Award
- June 18, 2024
- Vertical
- Insurance
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2020
- Traction
- Loop has faced financial difficulties and had to lay off staff after struggling to raise additional capital for 20 months.
- Founders
- John Henry, Carey Nadeau
- Company Description
- Loop is an insurance startup that sought to serve as an alternative insurance model for pricing insurance that didn’t rely as heavily on structurally biased metrics like credit scores and education used by legacy models. The company aimed to make auto insurance more equitable.
- Market
- Auto Insurance
- Location
-
US
- Coinvestors
- Foundry Group, 01 Advisors
Links