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Overview
Loot Labs runs Boxed.gg in Seattle, a platform for both physical and digital collectibles. It lets users buy, unbox, and ship physical trading cards (like Pokémon, MTG, and Yu-Gi-Oh!) and trade unwanted cards for site credit. It has opened over 15 million boxes, showing strong user engagement, and is now adding a beta marketplace for Counter-Strike 2 skins with fairness features and real-time pricing to reduce black-market risks. Backed by $7.5 million in two rounds led by BITKRAFT Ventures, Loot Labs aims to be a secure, engaging hub where hobbyists can buy, trade, and value both physical and digital collectibles.
About Loot Labs
Industries
Consumer Software
Entertainment
Gaming
Company Size
11-50
Company Stage
Seed
Total Funding
$7.5M
Headquarters
Seattle, Washington
Founded
2022
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Simplify's Take
What believers are saying
- Hundreds of thousands users opened 15 million boxes, proving engagement.
- $7.5M funding from BITKRAFT fuels CS2 expansion and team growth.
- International team from Microsoft, NASA, Boeing boosts execution capability.
What critics are saying
- Valve revokes CS2 skin trading permissions within 12-24 months.
- Pokémon, Wizards terminate TCG partnerships over revenue sharing in 18-36 months.
- EU/UK gambling laws shut loot box model in 12-24 months.
What makes Loot Labs unique
- Boxed.gg digitally unboxes physical TCG packs like Pokémon before shipping.
- Beta CS2 skins marketplace launched October 28, 2024, with transparent odds.
- Gamified platform bridges physical TCGs and video game virtual items.
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Funding
Total Funding
$7.5M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Benefits
Remote Work Options
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↑ 0%2 year growth
↑ 29%Loot Labs, a Seattle-based startup that empowers collectors with convenient ways to enjoy their hobby, announced that it has secured $6 million in a seed round investment led by BITKRAFT Ventures, with participation from Sfermion, Fabric Ventures, and Everyrealm.
Seattle-based Loot Labs, which owns and operates the collectibles platform Boxed.gg, raised a $6 million seed round investment to expand its ongoing venture into digital collectibles.
(Boxed.gg Image) Seattle-based Loot Labs, which owns and operates the collectibles platform Boxed.gg, raised a $6 million seed round investment to expand
Seattle-based company Loot Labs has recently secured $1.5+ million in funding to launch Boxed.gg, an innovative platform that combines the popular "loot box" mechanic from video games with the world of non-fungible tokens (NFTs).
Loot Labs, a Seattle-based firm, recently launched Boxed.gg, an innovative platform that introduces the " loot box " mechanic from video games into the world of non-fungible tokens (NFTs).
Loot Labs is Hiring for 2 Jobs on Simplify!
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About Loot Labs
Industries
Consumer Software
Entertainment
Gaming
Company Size
11-50
Company Stage
Seed
Total Funding
$7.5M
Headquarters
Seattle, Washington
Founded
2022
Loot Labs is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today