Loop Ledger
Bookkeeping software that small restaurants actually finish setting up
Your money is held in escrow until the round closes. You can cancel until December 23, 2026, 48 hours before the deadline.
Highlights
- Revenue tripled last year to $640,000
- 1,240 paying restaurants, up from 410 a year ago
- Customers spend 18% more with us each year
- Backed by $1.1 million from restaurant-industry angels
- SAFE with a $12 million valuation cap and a 20% discount
The problem
Most small restaurants do their books with a shoebox and a spreadsheet. Accounting software built for offices doesn’t understand tips, daily cash drops or food costs, so owners give up halfway through setup.
Our solution
Loop Ledger connects to a restaurant’s point-of-sale system and bank in ten minutes, sorts sales, tips and food costs automatically, and sends the owner a one-page summary every Monday.
Traction
1,240 restaurants pay for Loop Ledger, up from 410 a year ago. Monthly recurring revenue is $71,000, and customers who stay spend 18% more each year.
Business model
Restaurants pay $59 to $149 a month, depending on how many locations they have. We also earn a share of payroll fees through partners.
Market
There are about 660,000 independent restaurants in the US, and fewer than one in five use accounting software built for them.
Competition
General accounting tools and point-of-sale add-ons. We win on restaurant-specific automation and a setup that takes minutes, not weeks.
Vision
The back office for every independent restaurant in North America.
Investor perks
Thank-you rewards for investing. Perks aren’t part of your investment’s value.
- Founding investor clubEarly access to new features and a quarterly investor call.$1,000+
Risks
We are not profitable yet and lost $420,000 last year. Without this round, our cash lasts about 14 months at our current spending. Larger software companies could build similar features. A SAFE doesn’t give you shares until a future priced round or a sale, which may never happen.