LOOP COMMERCE, SaaS BASED E-GIFTING FIRM RAISES $16 MILLION IN SERIES B

What does Loop Commerce do? 

Loop Commerce a market leader in providing e-commerce firms in creating unique gifting solutions to the customer. Online gifting can be a messy affair. The firm has developed different checkout technology for customers where they don’t have to worry about the color, weight etc. of the gifts. One can provide the contact info of the recipient and proceed to payment section thereby leaving the else like selection of specs to the recipient. This is innovative way of e-gifting solutions is already being implemented by several leading retailers.

How much Loop Commerce was funded?

3 rounds of investment funding from 28 investors has so far led to a total funding of $29.2 million.

Loop Commerce raised $16 million in recent Series B funding of on the 28th April 2015 from investors Wicklow Capital, Pay Pal, Mark Carges, Oreen Zeev etal.

Previous Funding:

On November 6^th 2013 saw Loop Commerce raise $12.2 million from investors Pay Pal, Ori Sasson, Ken Seiff, Mohan Gyani, and Michael Scarff etal in Series B funding.

Chuck Geiger, Roy Rubin, Barry McCarthy, Ori Sasson, and Don Katz etal have invested Seed funding of $1 million on the 8^th November 2012.

What is next for Loop Commerce?

Buoyed by the recent spate of funding from investors the firm hopes to increase the revenues of e-retailers who have otherwise not tapped into this nascent market. The aim of the firm is to make e-gifting solutions to both the commerce sites and other platforms omnipresent.

More about Loop Commerce:

Headquartered in Menlo Park, California and founded in 2012 the co-founders and CTO’s Alex Sirota and Roy Erez have truly made the firm into a major player. While connecting between human behavior and technology it is proving to be a great partner for the investors who showed so much faith in the company.