Loop Welcomes Smollan as New Strategic Investor to Drive Growth

Loop, a proudly South African delivery management platform, is thrilled to announce Smollan as its newest strategic investor. This new partnership, combined with the ongoing support of existing investor Lightstone, will fuel the next phase of growth for Loop. This will enable the company to further revolutionise the delivery landscape in South Africa and beyond. 

Smollan’s investment brings invaluable expertise and resources, positioning Loop for continued success as it scales its operations and accelerates product innovation. With a proven track record of supporting disruptive technologies and driving business growth, Smollan is the ideal partner to propel Loop’s ambitious vision forward.

“We are excited to welcome Smollan as a strategic partner,” said Kimberley Taylor, CEO of Loop. “With the combined support of Smollan and our long-standing investors at Lightstone, we are ready to take Loop to new heights—delivering even more groundbreaking solutions for the delivery industry. This collaboration allows us to expand our reach and push the boundaries of what’s possible in logistics and technology.”

Smollan joins Loop at a pivotal time as the company continues to scale and explore new ways to enhance delivery services for businesses and consumers alike. With the support of its investors, Loop remains committed to driving innovation and maintaining its leadership in the evolving delivery ecosystem.

“We are delighted to partner with Loop and contribute to their exciting journey,” says Jeanette Hern, Smollan Chief Corporate Development Officer. “Loop’s innovative platform and commitment to revolutionising the delivery landscape align perfectly with our strategic focus on supporting forward-thinking businesses. We see immense potential in Loop’s ability to drive efficiency and enhance customer experiences in the rapidly growing delivery sector, and we are confident that our expertise and resources will help them achieve their ambitious growth plans.”  

Lightstone, owned by Coaxle, invested in Loop eight years ago as an opportunity to enter the logistics market with disruptive technology. Coaxle CEO, Pieter Wessels, said the business played an important role in enabling the massive growth in online shopping witnessed over the past 5 years.

“I believe the transaction with Smollan will open new opportunities for Loop to continue expanding its core offerings. By combining the shareholders’ capabilities, we will further differentiate and embed the services offered. This marks a promising new era for the business, and I look forward to working with the other stakeholders to create value,” he [Pieter] said.

This milestone marks a significant step in Loop’s growth journey, reinforcing the strength of its business model, the impact of its cutting-edge solutions, and the confidence investors have in its future.