Loop Golf Ledger

Loop Golf is a digital platform targeting the recreational golf market, operating at the intersection of fintech and sports. The company was founded in 2021 by Matt Holder and formerly included co-founders Thomas Reinholm, Michael Sarzynski, and Scott Brittain. Initially known as Loop Golf Ledger, the platform started as a peer-to-peer wagering app designed to centralize and simplify money matches among golfers. The founders, including Matt Rum and Thomas Reinholm who previously worked together at Square's Cash App, identified a market need for a streamlined system to handle on-course wagers, settlement, and payments. The initial product functioned like a digital wallet similar to Venmo or Cash App, but was built specifically for golf-related transactions, allowing users to fund a wallet and compete in various match-play games.

Over time, the company's focus has broadened to address a more significant pain point in the $102 billion golf industry: the difficulty of booking tee times at popular public courses. Now operating as Loop Golf, the company provides a service that automates the tee time booking process. Users can set their preferred courses and times, and the platform's technology monitors tee sheets 24/7, automatically booking a matching slot as it becomes available. This service is designed to give golfers their time back by eliminating the need to manually search multiple websites or wait up for midnight booking windows. The platform serves as a search engine, aggregating publicly available tee time data from thousands of courses across the U.S. into a single interface for easy comparison and booking. For unavailable times, a waitlist feature lets users request a time in advance, which Loop's system secures once the booking window opens.

Revenue is generated through a transaction fee on each booking. The company emphasizes that it provides a concierge service that benefits both golfers and courses, ensuring the course receives its full green fee. In June 2024, Loop Golf announced a $1 million seed funding round led by Jason Calacanis' LAUNCH fund, with participation from other notable investors. This capital is intended to scale the platform and enhance its technology. The company's free-to-use mobile app also includes features like a GPS rangefinder for over 40,000 courses, digital scorecards, performance statistics, and social components that allow users to share their rounds and connect with other players.

Keywords: tee time booking, golf technology, golf app, golf reservation, automated booking, golf search engine, golf marketplace, golf fintech, on-course wagers, peer-to-peer betting, digital golf wallet, golf GPS, golf performance tracking, social golf network, golf course management, seed funding, Jason Calacanis, Matt Holder