Acquired by Atlassian for $975M (Oct 2023), about a 36% discount to its last private valuation.
The rise & fall
6 moments Β· 2015β2023
The key moments, with employee sentiment along the way.
2015
π±
2015
Founded to kill the status meeting
Joe Thomas, Vinay Hiremath and Shahed Khan build a tool for quick screen-and-camera clips instead of meetings.
TechCrunch
May 2021
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May 2021
The peak: a $1.53B Series C$1.53B
Andreessen Horowitz and ICONIQ Growth lead a $130M round at the top of the remote-work boom β unicorn and peak in the same breath.
TechCrunch
2022β23
2022β23
The growth-stage reset
Software valuations come back to earth; Loom's 2021 price is never seen again.
The Information
2022β23
π¬
From the inside Β· Glassdoor reviews, 2022β23
Glassdoor reviews from the 2022-23 downturn tracked the strain behind the scenes: employees described repeated layoff rounds, heavy turnover on an inexperienced management team, and constant strategy churn β though some said morale lifted once the Atlassian deal was announced.
Oct 2023
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Oct 2023
Acquired by Atlassian for $975M$975M
Atlassian's largest deal ever β and still about a 36% haircut from Loom's last private valuation.
Bloomberg
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
Loom built a popular asynchronous video-messaging tool that lets workers record and share quick screen-and-camera clips instead of meetings. Pandemic-era demand for remote collaboration drove a $130M Series C in May 2021 led by Andreessen Horowitz and ICONIQ Growth, valuing it at about $1.53B.
As growth-stage valuations reset, Atlassian agreed to acquire Loom in October 2023 for roughly $975M β its largest deal ever, but about a 36% discount to Loom's last private valuation.
Source: TechCrunch / The Information / Bloomberg ($1.53B Series C, May 2021; $975M Atlassian acquisition, Oct 2023)
