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Loopio Announces $200M Investment From Sumeru Equity Partners and Affiliates to Take RFP Response Software to New Heights

Apr 08, 2021over 4 years ago

Amount Raised

$200 Million

Toronto

Description

Loopio, the leader in Request for Proposal (RFP) response software, announced today that it received a strategic investment of $200 million (USD) from Sumeru Equity Partners (SEP) and Affiliates, a technology investment firm that provides growth capital and operating expertise to enterprise technology companies.

Company Information

Company

Loopio:

Location

Toronto, Ontario, Canada

About

Loopio is a Toronto-based software provider that helps companies streamline their response process for RFPs, DDQs, and Security Questionnaires. With Loopio, teams can respond faster, improve response quality, and win more business. Loopio is one of Canada’s fastest-growing tech startups. It ranked twice as one of the fastest-growing companies on the Deloitte Technology Fast 50™ list and was selected twice as one of LinkedIn’s Top Startups in Canada.

Funding Insights

Based on industry data
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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech