Loot Crate, a Los Angeles, CA-based subscription commerce platform for fans of entertainment and sports franchises, secured $23m in new financing.
The round was led by Atalaya Capital Management with participation from new investors NECA and Bioworld Merchandising.
The funds will be used to fully refinance its outstanding debt facilities and to increase operating capital for the business, bolstering its existing subscription lines and improving the overall customer experience, while also enabling new product launches, growth in new product lines and the establishment of new distribution channels.
Founded in 2012 by CEO Chris Davis, Loot Crate is a subscription commerce platform targeting super fans of entertainment franchises. The company partners with major studios, game companies, comics publishers, professional sports leagues and personalities in the shared curation of premium and exclusive consumer products in themed mystery boxes, delivered directly to subscribers’ doorsteps.
FinSMEs
30/08/2018