Loop Completes $1 Million Seed Round

<p><strong>REDWOOD CITY<&sol;strong> &&num;8212&semi; Loop Golf&comma; the online booking platform helping golfers get the best tee times at the busiest local courses&comma; has completed a &dollar;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&period; Founded in 2021&comma; Loop identified a significant gap in the market for a user-friendly&comma; comprehensive platform that automates the antiquated tee-time booking experience for golfers in the U&period;S&period;<&sol;p>&NewLine;<p>Loop&&num;8217&semi;s platform automatically books the tee times golfers want&comma; when they want&period; Golfers set their tee time preference&comma; Loop monitors the Tee Sheet 24&sol;7 and automatically books a matching slot as soon as it becomes available &&num;8211&semi; including while golfers are asleep or unavailable&period;<&sol;p>&NewLine;<p>Over 3&comma;000 courses in the U&period;S&period; are currently supported on Loop&&num;8217&semi;s platform including premium courses such as Torrey Pines and Bethpage that are not available elsewhere in the market&period; 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&period;<&sol;p>&NewLine;<p>The funding was led by Jason Calacanis&&num;8217&semi; LAUNCH with participation from major figures across finance&comma; tech and sports including Joel Simkins&comma; CEO &&num;038&semi; Founder&comma; XST Capital Group&semi; Harry Campbell&comma; Owner&comma; The Rideshare Guy&semi; Colin Anderson&comma; Founding Partner at Friends &&num;038&semi; Family Capital&semi; and Mike Russo&comma; Founder&comma; SparkOffer&period;<&sol;p>&NewLine;<p>Tee times are one of the largest sources of annual revenue in the &dollar;102 billion golf industry&period; They are an essential need and therefore the most frequent transaction for every public golfer&period; Yet it is next to impossible to book tee times at public courses in America due to the explosion in the game&&num;8217&semi;s popularity post-COVID-19 which saw 531 million rounds played at U&period;S&period; courses in 2023&period;<&sol;p>&NewLine;<p>On top of that&comma; the nation has not seen net-new golf course growth in decades so the current supply cannot keep up with the increasing demand&period; Additionally&comma; outdated technology and booking practices have reduced availability even further leaving golfers stranded and frustrated without a tee-time&period;<&sol;p>&NewLine;<p>Loop automates the antiquated tee-time booking experience for golfers in the U&period;S&period; We book&period; You play&period;<&sol;p>&NewLine;<p>Harry Campbell&comma; Owner&comma; The Rideshare Guy&comma; commented&colon; &&num;8220&semi;As many of us regular golfers can attest&comma; the tee-time booking experience is broken&period; Thankfully&comma; every once in a while&comma; something truly transformational arrives&period; With Loop Golf&comma; we believe we are witnessing the next evolution of online booking&period; Matt and his team are innovative entrepreneurs who have created a generational product&period; As an early customer turned proud investor&comma; they have our wholehearted support as we embark on this journey together&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Matthew Holder&comma; Founder at Loop Golf&comma; said&colon; &&num;8220&semi;Loop Golf has built the first and only fully automated booking platform for golfers and golf courses&period; We were frustrated with how long it took trying to book a tee-time the old way&period; So&comma; we created Loop which automatically books your preferred tee time the moment it becomes available&period; Competitors&&num;8217&semi; business models are entirely different because they need the courses to give them a tee time &&num;8211&semi; Loop doesn&&num;8217&semi;t&period; We book &&num;8211&semi; you play&period; This funding allows us to scale our platform&comma; enhance our technology and offer more access for golfers nationwide&period; Get ready for a better way to golf&comma; when and where you want it&excl;&&num;8221&semi;<&sol;p>&NewLine;<p>Joel Simkins&comma; CEO &&num;038&semi; Founder&comma; XST Capital Group&comma; said&colon; &&num;8220&semi;Loop brings fresh thinking to a stale tee time booking experience in the golf industry&period; We look forward to our continued partnership with Matt and his team as they democratize access for golfers in the States&period;&&num;8221&semi;<&sol;p>&NewLine;