Loop Golf is a technology company.
Loop Golf has raised $1.0M across 1 funding round.
Loop Golf has raised $1.0M in total across 1 funding round.
Loop Golf has raised $1.0M in total across 1 funding round.
Loop Golf's investors include CRV, Founders Fund, Friends & Family Capital, Great Oaks Venture Capital, Romero Rodrigues, Y Combinator, David Petraeus.
Loop Golf is a technology company founded in 2021 that automates tee time bookings for golfers at busy U.S. courses, solving the frustration of manual hunting for prime slots amid high competition.[1][2][4] Its core product is an app that lets users set preferences for courses, dates, times, and group sizes; the platform then monitors tee sheets 24/7—across over 3,000 public courses, including premium ones like Torrey Pines and Bethpage—and auto-books matches instantly, even during off-hours.[1][2][4] Targeting avid golfers tired of midnight refreshes or cancellations checks, Loop serves individuals and groups seeking hassle-free access to local and top-tier courses, while sharing 20% of booking profits with partners to fill underutilized slots.[1][4]
The company has shown strong early growth: launched in beta late 2023, it's now fully operational with users booking 2-3 times monthly, 100% month-over-month gross merchandise value (GMV) growth, and projections for millions in tee time demand over the next year post its $1M seed raise in June 2024, led by Jason Calacanis’ LAUNCH fund.[1][2]
Loop Golf emerged from founder and CEO Matt Holder's personal frustration with golf's outdated booking process, where courses limit advance reservations to seven days, sparking intense competition.[2][4] A product management veteran—previously Head of Product at CarGurus/Autolist (acquired by CarGurus), leading Pro+ products at Houzz, and directing Premier Agent growth at Zillow/Trulia—Holder applied marketplace expertise to build an automated "concierge" solution rather than a traditional scrolling app.[2][4]
Founded in 2021 in the San Francisco Bay Area (with Redwood City mentions), the idea crystallized after Holder and early users, including investor Harry Campbell (The Rideshare Guy), repeatedly struggled with manual bookings.[1][2] Beta launched December 2023, full rollout followed, with rapid expansion via partnerships like Lightspeed and ForeUp.[1][2]
Loop Golf stands out in the fragmented golf booking space through automation and independence:
(Note: Some sources mention a golf betting/wagering angle or fintech wallet, but primary focus is tee bookings; betting appears as a separate or evolving product line.[3][5])
Loop Golf rides the surge in golf's popularity—post-pandemic participation boomed, with U.S. rounds hitting record highs—while digitizing a manual industry ripe for disruption, akin to how Airbnb/Uber transformed reservations.[1][2] Timing aligns with golfers' demand for convenience amid busy lives and course capacity constraints, amplified by mobile tech and AI-driven automation trends in sports marketplaces.[2][4]
Market tailwinds include golf's $100B+ U.S. economy, underserved public course bookings, and partnerships easing adoption; Loop influences the ecosystem by boosting course utilization (via profit shares) and golfer access, potentially setting standards for automated sports bookings.[1][4] As a marketplace hybrid with concierge elements, it challenges legacy systems, fostering efficiency in a sport blending tradition with tech.
Loop Golf is poised to dominate U.S. tee time bookings, scaling from 3,000 courses toward nationwide coverage with fresh $1M capital fueling marketing and tech.[1][2] Expect expansion into group tools, international markets, or adjacent features like on-course wagering/rewards (hinted in investor decks), leveraging Holder's marketplace chops amid golf's sustained growth.[3][5]
Shaping trends—AI personalization, sports fintech integration, rising female/youth participation—could propel GMV into tens of millions, evolving Loop from booking bot to full golf lifestyle platform. Its early traction humanizes a tedious process, positioning it as the go-to for "We book. You play."[1]
Loop Golf has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in June 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2024 | $1.0M Seed | CRV, Founders Fund, Friends & Family Capital, Great Oaks Venture Capital, Romero Rodrigues, Y Combinator, David Petraeus |