The Loop Co. Secures $3.1M Seed Funding for Expansion

Deal News | Feb 18, 2025 | Aim Group

The Loop Co., a Portugal-based company involved in consumer-to-business-to-consumer (c-to-b-to-c) and business-to-business (b-to-b) recommerce, has successfully raised $3.1 million in seed funding. This round of financing was led by 3XP Global, accompanied by participation from Beta Capital. The funding aims to support The Loop Co.'s expansion efforts both within Portugal and strategically into markets in France and Spain. With the fresh capital injection, The Loop Co. plans to strengthen its presence and scale its operations in these regions. This funding is expected to build the foundation for further international growth and reinforce its competitive positioning in the recommerce sector.

Sectors

  • Recommerce
  • Venture Capital

Geography

  • Portugal – The Loop Co. is based in Portugal, where it is looking to expand domestically.
  • France – The Loop Co. aims to expand its operations into France as a part of its international growth strategy.
  • Spain – Spain is another target market for The Loop Co.'s expansion plans as part of its international strategy.

Industry

  • Recommerce – The Loop Co. operates in the recommerce industry, engaging in consumer-to-business-to-consumer and business-to-business transactions, a growing segment focused on the resale and recycling of goods.
  • Venture Capital – The article discusses seed funding, indicating involvement in the venture capital industry as The Loop Co. raised capital to expand its operations.

Financials

  • $3.1 Million – The total amount raised in seed funding by The Loop Co.

Participants

NameRoleTypeDescription
The Loop Co.TargetCompanyA Portugal-based recommerce company involved in c-to-b-to-c and b-to-b transactions.
3XP GlobalLead InvestorCompanyA company that led the seed funding round for The Loop Co.
Beta CapitalInvestorCompanyParticipated in the seed funding round for The Loop Co.