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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
- Loot Labs raised $6 million in October 2024 from BITKRAFT, Sfermion, Fabric, and Everyrealm.
- Boxed.gg reports over 15 million opened boxes, proving strong consumer engagement.
- Recent hiring for backend, product, finance, and editorial roles signals active expansion.
What critics are saying
- New York sued Valve on February 26, 2026, threatening CS2 skins marketplace legality.
- If Valve restricts third-party trading, Boxed.gg's digital collectibles thesis collapses quickly.
- Loot Labs depends on loot box economics, a model regulators increasingly frame as gambling.
What makes Loot Labs unique
- Boxed.gg combines physical card unboxing with direct home shipping and site credit.
- Loot Labs shows provably fair odds and real-time pricing across collectibles.
- The company targets both TCGs and CS2 skins, bridging two adjacent collector economies.
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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
↓ -2%2 year growth
↑ 30%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 5 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 5 Jobs on Simplify!
Find jobs on Simplify and start your career today