Looma, a Durham, NC-based in-store digital media company, raised $10M in funding.
Backers included a group of family offices, YETI Capital, and current investors. In connection with the round, Margot Fooshee, former marketing executive from J.Crew and Beautycounter, joined Looma’s board of directors.
The company intends to use the funds to expand its platform across new and existing retail partners and extend its product offering.
Led by CEO and Founder Cole Johnson, Looma is a provider of an in-store digital media platform focused on storytelling, education, and recommendations. Their network of in-store screens helps retailers modernize and monetize their stores, while enabling brands to tell their story directly at the point of decision. All content that airs on it network is produced or edited by Relay™, their global network of independent filmmakers, editors, and other creators who specialize in point-of-decision content.
Looma is currently deployed in 675 stores across the East Coast, Midwest, and Texas, including retailers such as H-E-B, Harris Teeter, Lowes Foods, and multiple other undisclosed retailers.
FinSMEs
26/09/2024