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Loopt
AddedMar 17, 2024
UpdatedJul 3, 2026
Loopt

Loopt

Acquired

Loopt was a geosocial networking company that let smartphone users selectively share their location with friends and social networks.

HQ
Mountain View, CA, US
Founded
2005
Accelerator
Y Combinator logoY CombinatorS05
Overview
M & A
Analysis
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Fundraising
Employees
News

Loopt, Inc. was an American geosocial networking company founded in 2005 and based in Mountain View, California. The company built a location-based service that allowed smartphone users to share their whereabouts selectively with friends and integrate with platforms such as Facebook and Twitter. It partnered with major U.S. carriers including Verizon Wireless and Sprint to preload its app on handsets, and reached approximately 4 million registered users by 2010.

The company was founded by Sam Altman, Nick Sivo, Alok Deshpande, and brothers Rick and Tom Pernikoff while Altman and Sivo were sophomores at Stanford University. It received early funding from Y Combinator and later raised Series A and B rounds led by Sequoia Capital and New Enterprise Associates. In March 2012, Loopt was acquired by Green Dot Corporation for $43.4 million in cash, and its products were subsequently shut down.

Loopt - M & A Snapshot

Open M & A
  • Green Dot Corporation

    Acquired Loopt • $43.4M • Mar 9, 2012

Loopt - Quick Facts

When was Loopt founded?

Loopt was founded in 2005.

Where is Loopt's headquarters located?

Loopt's headquarters is located in Mountain View, CA, US.

When was Loopt's last funding round?

Loopt's most recent funding round was for $43.4M (USD) in March 2012.

How much has Loopt raised to-date?

As of Mar 9, 2012, Loopt has raised a total of $43.4M (USD).