Loopio secures $252 million to accelerate its growth in RFP software market
Toronto-based B2B software startup Loopio has secured a $252 million CAD ($200 million USD) strategic investment from Sumeru Equity Partners (SEP) and Affiliates.
Loopio plans to use the fresh funding to accelerate its product development, customer acquisition, and hiring, as the company banks on continued request for proposal (RFP) software market growth.
“Despite the uncertainties of last year, the RFP software market continued to grow at a rapid-fire pace,”
wrote Zak Hemraj, Loopio’s CEO and co-founder.
SEP is a growth-focused tech investment firm that funds enterprise tech companies. Loopio isn’t the only Canadian software startup SEP has recently funded: the California-based firm led a $126 million CAD ($100 million USD) investment in Vancouver’s Tasktop, which was also announced today.
Loopio Announces $200M Investment From Sumeru Equity Partners and Affiliates to Take RFP Response Software to New Heights
prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
Loopio Named One of Canada s Top Small & Medium Employers for 2021
prweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prweb.com Daily Mail and Mail on Sunday newspapers.
Loopio’s Annual Trends Report Reveals State of RFP Management in 2021
Share Article
Loopio’s research of 650+ RFP response teams shows a 6% decrease in RFP revenue, despite response volume remaining steady.
Loopio s 2021 RFP Reponse Trends & Benchmarks Report. This research gives RFP teams a clear picture of how the industry fared in 2020 and recommendations for how they should shift their strategies in 2021. - Zak Hemraj, Loopio CEO and Co-Founder. TORONTO (PRWEB) January 11, 2021 Loopio, the leader in Request For Proposal (RFP) response software, announced today the release of their second annual RFP Response Trends & Benchmarks Report.
This in-depth research project offers the industry’s most comprehensive view of the RFP response management field. It includes key industry benchmarks, as well as larger trends impacting RFP revenue, submission rates, and volume.