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JP Morgan Exclusive: New $35m Investment for Growth Equity Fund

Loop, a start-up offering audit and payment systems to logistics companies, has raised $35m in funding from JP Morgan Growth Equity Partners and Index Ventures.

Loop, a logistics start-up, secures $35m funding from J.P. Morgan and Index Ventures to expand its digital payment services. PHOTO: Michel Euler/Reuters
Loop, a logistics start-up, secures $35m funding from J.P. Morgan and Index Ventures to expand its digital payment services. PHOTO: Michel Euler/Reuters

The Chicago-based start-up plans to use the funding to expand beyond ground shipping and invest in research and development.

Loop’s founders, Matt McKinney and Shaosu Liu, started the business in 2021 after identifying

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