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Loop by California Labs, Inc.

Operating

California Labs, Inc.

Software & AI · San Francisco, CA · Founded 2014

Private social network for families

Valuation cap ⓘ
$14.0M
As of Apr 2024 · from Reg CF Offering (2023) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$3,154,395
Crowd $404K · Private $2.8M · 5 rounds since 2015
Latest share price
$1.37
Reg CF · Common Stock · Mar 2022 offering price

Financials

FY2017–FY2021 · from SEC filings · hover any figure for its source
$407K
−$2.0M
2017
$357K
−$871K
2018
$293K
−$483K
2019
$226K
−$935K
2020
$770K
−$597K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2017 reviewed*
FY2018 reviewed*
FY2019
FY2020 reviewed
FY2021 reviewed
Income statement
Revenue
$407,340
$357,011
$293,060
$225,588
$770,496
Cost of goods sold
$491,034
$280,656
$196,306
$124,063
$287,418
Gross margin
-21%
21%
33%
45%
63%
Net income
-$2,015,181
-$870,535
-$483,054
-$935,449
-$597,205
Taxes paid
$0
$0
$0
$0
$0
Balance sheet
Cash
$178,300
$231,304
$347,335
$553,751
$226,664
Accounts receivable
$0
$0
$0
$0
$0
Total assets
$758,972
$1,480,804
$1,262,709
$1,328,671
$1,508,546
Short-term debt
$4,769
$350,645
$266,014
$361,533
$5,130,442
Long-term debt
$0
$106,000
$4,060,977
$4,653,246
$0
Total liabilities
$4,769
$456,645
$4,326,991
$5,014,779
$5,130,442
Other
Headcount
—
3
—
3
4

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$18.5M
pre-money
$14.0M
Valuation cap
Reg CF · Common · Mar 2022
Reg CF · SAFE · Apr 2023

Blue bars are the pre-money valuation the company stated for a priced round. Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth, so don't compare them with the other bars.

Fundraising history

Reg CF · SAFE · Apr 2023Closedvia WeFunder
Raised $110.3K / $579.3KInvestors 92Valuation cap $14M
Raised $38.7K / $1.1MInvestors 33Post-money $18.5M
Reg CF · Debt · Aug 2019Closedvia SeedInvest
Raised $255.4K / $1.1M
Raised $2MInvestors 10

Team

4 people
Brian GannonFounder
CEO, Director

Brian Gannon is the co-founder and CEO of Loop, a private social network built for families. Prior to founding Loop, Brian was the GM at Maxim Integrated where he led the Video Processing business unit - a $100M business that he built organically and through the acquisition of Mobilygen – a leader in H.264 video compression. Prior to Maxim, Brian was a management consultant at Boston Consulting Group (BCG) and began his career as an ASIC designer at Fujitsu. He holds a BS in Electrical Engineering from the University of Massachusetts at Amherst and an MBA from MIT Sloan School of Management.

Sital Mistry
Head of Software

Sital Mistry is the Head of Software and co-founder of Loop. Prior to Loop, Sital was the engineering lead of the wildly popular “Word’s with Friends” online game from Zynga which last reported 30M monthly active users. Sital graduated from University of California, Berkeley.

Ethan Ballweber
Design

Ethan Ballweber is from Altitude design and a graduate of RISD, one of the top design schools in the world. He is an expert in industrial design and user experience. Prior to Loop, Ethan worked on a range of consumer products including the WIMM which became Wear, Google’s smartwatch.

Brad O'Neill
Director

Brad O'Neill is the CEO of Betterwise Learning and a board member/director at Loop. Prior to Betterwise, Brad was the co-founder of Techvalidate Software which was acquired by SurveyMonkey where he served as SVP Global Sales, Success. Brad was also a founding investor and board member of Stumbleupon.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 2 of 7 annual reports (FY2019–FY2025)

92 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form C/ADec 13, 20230001670254-23-001141
    EDGAR
  • Form C/AApr 21, 20230001670254-23-000383
    EDGAR
  • Form CFeb 17, 20230001670254-23-000137
    EDGAR
  • Form C-UJun 30, 20220001665160-22-001949
    EDGAR
  • Form C-ARApr 28, 20220001665160-22-001067
    EDGAR
  • Form C/AApr 28, 20220001665160-22-001065
    EDGAR
  • Form CMar 24, 20220001665160-22-000516
    EDGAR
  • Form C-ARMar 8, 20220001652039-22-000001
    EDGAR
Source: ManualCIK 0001652039DEShare price $1.37

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.