Loom IPO
Loom was a video messaging platform that allowed users to quickly record and share screen recordings and video messages. The company became popular during the remote work boom, particularly for asynchronous communication and collaboration. Loom was acquired by Atlassian in 2023 for approximately $975 million, making it one of the larger acquisitions in the video communication space.
Key Facts
| Industry | Video Communication |
| Founded | 2015 |
| Headquarters | San Francisco, CA |
| Employees | ~350 at acquisition |
| Website | loom.com |
| Funding | Acquired by Atlassian for $975M in 2023 |
About Loom
Loom created a video messaging platform that allows users to quickly record and share screen recordings, webcam videos, or both simultaneously, fundamentally changing how teams communicate asynchronously. The platform made video creation extremely simple—users could start recording with just a few clicks and instantly share videos via links, making it particularly valuable for remote work, customer support, sales demos, and educational content. Loom processed millions of videos and became an essential tool for distributed teams needing to communicate complex information more effectively than text or static images allow.
The company gained massive adoption during the pandemic as remote work accelerated, with users creating everything from bug reports and product demos to training materials and client communications. Loom's ease of use and instant sharing capabilities made it a productivity multiplier for many organizations. Atlassian acquired Loom for $975 million in 2023, integrating it into their collaboration suite to enhance their offerings for distributed teams and complement tools like Jira and Confluence.
IPO Status
Loom was acquired by Atlassian in October 2023 for approximately $975 million, ending any potential IPO timeline for the company. The acquisition was part of Atlassian's strategy to expand its collaboration and communication tools portfolio, integrating Loom's video messaging capabilities with products like Jira, Confluence, and Trello. Prior to the acquisition, Loom had raised over $200 million in funding and was valued at around $1.5 billion in its last private funding round in 2021. The company had shown strong growth during the pandemic as remote work adoption accelerated, but ultimately decided to join Atlassian rather than pursue an independent public offering.
Competitors
Frequently Asked Questions
Does Loom have a stock?
No, Loom never had an IPO. The company was acquired by Atlassian in October 2023 for approximately $975 million before it could go public.
When is the Loom IPO date?
There is no Loom IPO date because the company was acquired by Atlassian in 2023. Loom is now part of Atlassian's product ecosystem rather than an independent public company.
How can I buy Loom stock?
You cannot buy Loom stock directly since it was acquired by Atlassian. However, you can buy shares of Atlassian (NASDAQ: TEAM), which now owns Loom and its technology.
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