Thursday, June 2, 2016

Loot Crate Raises $18.5M, Tops $100M In Sales

Los Angeles-based Loot Crate announced this morning that it has raised $18.5M in a Series A funding round, for the company's subscription, "fan boxes"--which feature custom, tailored mystery boxes delivered to fans from their favorite entertainment and pop culture brands, every month. The funding was led by Upfront Ventures, and also included Breakwater Investment Management, Time Inc., Downey Ventures, M13, and SterlingVC. The startup, led by Chris Davis, said its revenues have already grown to more than $100M, and that it already has more than 600,000 monthly, recurring subscribers worldwide. Loot Crate's boxes include everything from collectable figurines to comic books and apparel. Greg Bettinilli of Upfront Ventures joins Loot Crate's board along with the funding. More information »

---