- Loopio, a Toronto, Canada-based provider of a Request for Proposal (RFP) response software platform, received a $200m (USD) strategic investment
- Backers included Sumeru Equity Partners (SEP) and Affiliates
- The company also intends to use the funds to accelerate product development, customer acquisition, and hiring
- Loopio also provides a software provider that allows companies to streamline their response process for RFPs, DDQs, and Security Questionnaires
- It isused by 1,000+ companies to streamline their RFP response process, improve sales efficiency, and surface growth opportunities
- Users include brands like DocuSign, Siemens, and McGraw Hill
