Loom Raises $130m Series C to Unlock the Potential of Video for Hybrid Work
Loom announced the close of a $130 million Series C financing led by Andreessen Horowitz to power hybrid work with video messaging. We’re excited to add a16z, as well as ICONIQ Growth, to our list of investors – which includes Kleiner Perkins, Sequoia, Coatue, and General Catalyst.
Unlike a video meeting, video messaging doesn’t require your recipient to be present to consume your message. In other words, you can express nuanced and complex ideas whenever it’s most convenient for you — no need to bog your day down with endless context switching or feel pressure to articulate your ideas in real time.
As humans, we gravitate toward in-person, face-to-face, real-time communication — but that isn’t always the best choice for getting work done and respecting one another’s time.
Video messaging isn't just for more effective work (although it's great for that, too), but exchanging looms has become a critical part of how we have fun and build camaraderie among our teams.
What does this mean for what the workplace looks like when we have the option to return to the office post-vaccine? We believe the “work wherever, whenever” era isn’t a future possibility; it’s already here, and all signs point to it being here to stay.