Loop AI
AI-driven restaurant delivery financial reconciliation
Mid Market Account Executive
About the job
- 3+ years of experience in B2B sales, with a track record of success in technology solutions or related industries.
- Proven ability to meet and exceed sales targets and quotas, with a demonstrated track record of closing complex deals and driving revenue growth.
- Strong communication and interpersonal skills, with the ability to build rapport and credibility with key decision-makers and stakeholders.
- Excellent negotiation and presentation skills, with the ability to articulate value propositions and address customer objections effectively.
- Develop and execute sales strategies to acquire new mid market customers and expand revenue within existing accounts.
- Identify and qualify leads and opportunities through proactive prospecting, networking, and relationship-building activities.
- Conduct product demonstrations and presentations to showcase Loop AI's value proposition and address customer needs and pain points.
- Negotiate contracts and pricing agreements with clients, ensuring terms are favorable and in line with company objectives.
- Track and manage sales activities, pipeline, and revenue forecasts using CRM tools to drive accountability and visibility.
- Stay abreast of industry trends, competitive landscape, and customer insights to inform sales strategies and identify opportunities for growth.
- Experience selling SaaS to restaurants, ideally large chains
- Experience selling SaaS to restaurant accountants
- Experience working with an early stage startup
About the company
Loop AI offers a subscription-based back-office platform for multi-location restaurants to manage third-party delivery finances. The platform automates reconciliation of orders from DoorDash, Uber Eats, and Grubhub, breaking each order into line items such as commissions, marketing, taxes, and chargebacks, and automates bookkeeping with a real-time sales dashboard and chargeback tools. It uses AI to scan customer feedback to identify operational issues, helping managers address problems like order inaccuracies. Its goal is to reduce accounting time, improve margins, and recover revenue by making delivery-driven finances transparent and easier to manage.
Company Size
51-200
Company Stage
Seed
Total Funding
$6M
Headquarters
California
Founded
2022
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Simplify's Take
What believers are saying
- Loop raised $14 million Series A from Nyca Partners in February 2026.
- It claims more than 300 brands and thousands of locations by February 2026.
- Lazy Dog and Starbird cited roughly 10% growth using Loop workflows.
What critics are saying
- Restaurant365 and Restroworks already cover accounting, operations, and POS integration.
- DoorDash, Uber Eats, and Grubhub can change APIs, breaking Loop’s automation.
- If margin savings disappoint, chains will revert to in-house accounting and spreadsheets.
What makes Loop AI unique
- Agentic back-office workflows replace spreadsheets for restaurant delivery finance and operations.
- Live in hours, not weeks, reducing implementation drag for multi-unit operators.
- Founders previously ran a delivery-only restaurant, giving them operator credibility.
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Benefits
Health Insurance
401(k) Retirement Plan
Remote Work Options
Flexible Work Hours
Paid Vacation
Paid Holidays
Social Events
Company News
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.