LLoop AI provides a subscription SaaS back-office platform that helps multi-location restaurants optimize profitability in the third-party delivery space by automating financial reconciliation of orders from services like DoorDash, Uber Eats, and Grubhub. It works by breaking each order into line items (up to about 15), automating bookkeeping, offering a real-time dashboard to track sales and lost revenue, and helping manage and dispute chargebacks, while also using AI to surface operational issues from customer feedback. It differentiates itself through founder-led industry and tech experience, a laser focus on the complex delivery financial model, and a combination of reconciliation automation, revenue recovery, and actionable feedback insights. Its goal is to reduce accounting time, improve margins, and recover revenue for restaurant operators.
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Industries
Company Size
51-200
Company Stage
Seed
Total Funding
$6M
Headquarters
California, United States
Founded
2022
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Total Funding
$6M
Above
Industry Average
Funded Over
1 Rounds
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SAN FRANCISCO, March 12, 2024 (GLOBE NEWSWIRE) -- Loop, a leading SaaS provider enabling restaurants to maximize their third-party delivery service profitability, announced today that it has closed $6M in Seed funding
Sundar Annamalai and Vinod Pachipulusu about starting Loop as a virtual restaurant platform to help restaurants with their business.
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Industries
Company Size
51-200
Company Stage
Seed
Total Funding
$6M
Headquarters
California, United States
Founded
2022
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs