- Business
- LoopUp Group plc (LUPGF) provides cloud communications and collaboration solutions primarily focused on multinational enterprises, offering cloud telephony integrated with Microsoft Teams, including phone numbers, full cloud-based PSTN-replacement services, and global management via its LoopUp One portal; conferencing solutions for remote meetings; and managed events calls services. The company delivers these through Microsoft's Operator Connect and Direct Routing programs, as well as Bring Your Own Carrier options, across more than 100 countries, leveraging a premium global voice network from 20 tier-1 carriers with 24/7 multilingual support. LoopUp Group plc targets multinationals, SMEs, public sector bodies, and professional service firms in the telecommunications and software development sectors (SIC codes 61900 and 62012).
Founded in 2003 and headquartered in London, United Kingdom, at 52 Tabernacle Street, the company maintains operations worldwide, including offices in the US (San Francisco, New York, Boston), Barbados, Berlin, Hong Kong, Madrid, Malmo, and Sydney. Brands include LoopUp and MeetingZone, the latter acquired in 2018 to bolster conferencing capabilities. Previously listed on the AIM market of the London Stock Exchange as LOOP, LoopUp Group plc delisted in early 2024 following its transition to private ownership.
In November 2024, LoopUp Group plc closed a £12 million equity funding round from existing shareholders and new investors including 4Founders Capital, FJ Labs, BTS Group, and a partner from a leading US private equity firm with $5 billion AUM, complemented by a £3 million debt facility from Bank of Ireland (subsequently reduced to £2 million). The funding supports accelerated growth in its core multinational cloud telephony business, which achieved triple-digit expansion in customers, contracts, bookings, and revenue in 2023, with zero customer churn since market entry in 2021 and plans to double revenue annually. Earlier, the company exited its Hybridium business globally in 2023 via administration proceedings for subsidiary Mashmegroup.