LOOP GOLF Completes $1M Capital Raise to Revolutionize Golf Course Reservations › Loop Golf Blog
Summary
Loop Golf enables golfers to book tee times at their favorite local courses automatically Funding led by Jason Calacanis LAUNCH Fund with participation from other notable early stage investors including Joel Simkins of XST Capital Group, Colin Anderson of Friends & Family Capital, Harry Campbell of The Rideshare Guy, and Mike Russo of SparkOffer Over 3,000 courses in the U.S. are available on Loops platform including premium courses like Torrey Pines and Bethpage that are not available elsewhere Partnerships with Lightspeed and ForeUp show momentum and belief in the product Founded by former Product executives at CarGurus, Houzz, and ZillowSAN FRANCISCO, CA, June 18, 2024 Loop Golf (Loop), the online booking platform helping golfers get the best tee times at the busiest local courses, today announced it has completed a $1 million seed funding round that accelerates its mission of becoming the dominant marketplace to find and book any tee time at any course in the United States. Golfers set their tee time preference, Loop monitors the Tee Sheet 24/7 and automatically books a matching slot as soon as it becomes available including while golfers are asleep or unavailable.Over 3,000 courses in the U.S. are currently supported on Loops platform including premium courses such as Torrey Pines and Bethpage that are not available elsewhere in the market. Loop has also created strategic partnerships with leading industry software and point-of-sale systems such as Lightspeed and ForeUp to solidify its position as the tee-time marketplace of choice.The funding was led by Jason Calacanis LAUNCH with participation from major figures across finance, tech and sports including Joel Simkins, CEO & Founder, XST Capital Group; Harry Campbell, Owner, The Rideshare Guy; Colin Anderson, Founding Partner at Friends & Family Capital; and Mike Russo, Founder, SparkOffer.Tee times are one of the largest sources of annual revenue in the $102 billion golf industry. You play.Harry Campbell, Owner, The Rideshare Guy, commented: As many of us regular golfers can attest, the tee-time booking experience is broken. They thought there had to be a better way and duly set about creating Loop.Loop gives golfers the power to automatically reserve prime tee times at the best courses.