Headquarters: San Francisco, California, USA
Founded: 2021
Founder(s): Matt McKinney (CEO), Shaosu Liu (CTO)
Notable Investors: 8VC, Founders Fund, Flexport, Susa Ventures, Expa Ventures, Maersk
Loop is the simplest way to pay for freight. Loop’s platform unlocks cost savings by identifying rate discrepancies, streamlining reconciliation, improving audit controls and working capital, document ingestion automation, and payment processing. In turn, customers can improve their carrier relationships. The Loop solution uses an API to integrate with CSV, XLS, PDF, and EDI protocols, digitizing shipment documents in real-time using contextual AI rather than legacy OCR, achieving superior accuracy.
Since inception, Loop has grown at an astronomical pace and shows no sign of slowing down. We loved Loop for being a play at the intersection of Fintech and Logistics, two verticals we are particularly excited about.
Loop’s target customers are shippers that manufacture or distribute goods, although they can also work with brokers, or 3PLs, who broker a transaction between a truck driver and the shipper.
The Leadership Team is comprised of Matt McKinney (CEO & Co-Founder), Shaosu Liu (CTO & Co-Founder), and Heidi Yang (Head of Product Design). All three previously held positions at Uber Freight.