Loopgolf provides a digital wallet and app that coordinates rounds, scores match play and skins, and automatically settles recreational golf wagers in real time. Founders Thomas Reinholm and Matt Rum, who met while working at Block, built the product after personal experience struggling to track Nassau bets and presses. The app requires users to sync to the USGA’s GHIN to deter sandbagging and posts round scores automatically; a scorekeeper can tap a ‘settle’ button to ledger funds into players’ wallets. Loopgolf launched an open beta in September and has raised $1.3M in pre-seed funding while aiming to close the remainder of a $2M round in the next couple months. Notable backers include Jeff Cruttenden, Stephen Piscotty, Fox Ventures, SWS Ventures, and Sendoso CEO Kris Rudeegraap, and the company is launching a Republic crowdfunding campaign to offer early adopters equity. The team forecasts 30,000 monthly active users by year-end 2023. Roadmap items include adding closest-to-the-pin and longest-drive side bets, issuing a debit/credit card with a golf-oriented rewards program, hosting a March-style Play For tournament, integrating curated commerce, and eventually partnering with a sportsbook to add pro and in-round betting.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2022