
THE CAR INSURANCE INDUSTRY IS BROKEN They charge you more based on things that have nothing to do with how you drive. They point to gender, job title, marital status and even your credit score—which is systematically biased against vulnerable communities and has nothing to do with how you drive. They don’t want to change the system. We do. LOOP is different. We’re building fair, equitable, and affordable insurance based on how and where you drive. We put people first, treating our members with respect and dignity—making sure they can chat with an understanding person, not a frustrating bot. And as a B-Corp we’re committed to giving back and being a force for good in the world so we can uplift the communities impacted by systemic injustice. To us, that’s what it means to Drive Good.

THE CAR INSURANCE INDUSTRY IS BROKEN They charge you more based on things that have nothing to do with how you drive. They point to gender, job title, marital status and even your credit score—which is systematically biased against vulnerable communities and has nothing to do with how you drive. They don’t want to change the system. We do. LOOP is different. We’re building fair, equitable, and affordable insurance based on how and where you drive. We put people first, treating our members with respect and dignity—making sure they can chat with an understanding person, not a frustrating bot. And as a B-Corp we’re committed to giving back and being a force for good in the world so we can uplift the communities impacted by systemic injustice. To us, that’s what it means to Drive Good.
What they do: Public benefit car insurance using AI and telematics to price policies without credit or occupation factors
Founded: 2020
HQ / size: Austin, TX; ~30 employees
Funding: At least $34.25M total; $21M Series A (Dec 2022) plus other rounds/extensions
Auto insurance pricing fairness and underwriting for underserved communities
2020
Insurtech / Auto insurance
3250000.00
Seed round announced Jan 12, 2021
21000000.00
Series A co-led by Foundry Group and 01 Advisors
8000000.00
Reported $8M extension in 2023