ecosystem / people / zak-hemraj
Zak Hemraj on the TechTO stage

Zak Hemraj

Co-founder & CEO, Loopio

SaaSTorontoOn TechTO stages since 2021

Zak Hemraj is the co-founder and CEO of Loopio, a Toronto software company that automates RFP and security-questionnaire responses for sales teams. He started it in 2014 with Matt York and Jafar Owainati after eight years at Achievers, bootstrapped it for four years, then raised a $9M Series A in 2018 and a $200M investment in 2021.

On the TechTO stage ×2

First seen on the TechTO stage in 2021. Every talk is searchable — ask the archive about Zak

In their words

When you are bootstrapped, you are obsessed with your customers, because you know the value of every single customer relationship. You get really good at thinking about ROI — making trade-offs, like if I have one dollar, where do I put it?

TechTO, Aug 2021 · watch at 4:33

There was a book we read early days called Lean B2B, and I remember this quote that always stuck with me: as soon as you have five raving fans that are paying you money, you have enough product-market fit. So just focus on that.

TechTO, Aug 2021 · watch at 5:34

Raising venture I think was more about the injection of confidence than it was about the injection of capital. We raised about 9 million in 2018, and it was a going-for-it moment: we're going to accelerate product, build an executive team, stop being our quiet Canadian selves.

TechTO, Feb 2025 · watch at 13:04

Here we are 11 years later and there's all these companies coming in saying Loopio is the old way of doing things. Hearing that as a founder is soul-crushing, because that's my job — to tell people that's the old way of doing things.

TechTO, Feb 2025 · watch at 18:47
A few quotes can’t cover everything Zak said on the TechTO stage. 1,600+ talks are searchable.Ask about Zak

More from TechTO ×2

Around the web ×1

Quick answers

What is Zak Hemraj known for?

Co-founding Loopio in 2014 and building it into a leading RFP-response software company. He bootstrapped it for four years before raising a $9M Series A in 2018 and a $200M investment from Sumeru Equity Partners in 2021.

What did Zak Hemraj do before Loopio?

He spent about eight years at Achievers (formerly I Love Rewards), the employee-engagement software company, working as a sales engineer and engineering manager as it scaled from roughly 20 to 200 people.

Who are Loopio's co-founders?

Zak Hemraj (CEO), Matt York (CTO), and Jafar Owainati (COO). Hemraj met Owainati as an engineering classmate and worked with York at Achievers before the three started Loopio in 2014.

Suggest an edit
This is you? Claim this profileAsk to be removed
Know someone who belongs here? Suggest a profile
Maintained by TechTO · facts sourced and dated · last reviewed Jul 17, 2026