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Loot Labs

Platform for physical and digital collectibles

Overview

Loot Labs runs Boxed.gg, a dual-market platform for physical and digital collectibles. It lets users buy and unbox physical trading-card packs (Pokémon, MTG, Yu-Gi-Oh!), with the cards shipped to them, and trade unwanted cards for site credit. It is expanding into digital items with a beta marketplace for Counter-Strike 2 skins, featuring odds on unboxes and real-time pricing to curb black-market risks. The goal is to provide a secure, engaging hub where hobbyists can buy, trade, and value both real-world cards and in-game items.

Significant Headcount Growth

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About Loot Labs

Simplify's Rating
Why Loot Labs is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Consumer SoftwareEntertainmentGaming

Company Size

11-50

Company Stage

Seed

Total Funding

$7.5M

Headquarters

Seattle, WA

Founded

2022

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Simplify's take

What believers are saying

  • October 2026 launches added Grail Charizard and Japan-only vending boxes, signaling active merchandising.
  • Caplight logged 43 employees in August 2026, showing operating scale before a new raise.
  • Trustpilot reviews averaged 4.5 across 1,641 reviews in October 2026, supporting consumer trust.

What critics are saying

  • Michigan, Washington, Louisiana, and South Carolina are blocked, shrinking U.S. reach since 2026.
  • Loot Labs depends on gamified unboxing, inviting gambling scrutiny and payment partner defections quickly.
  • Counter-Strike 2 skin trading faces Valve policy shifts that can crush Boxed.gg overnight.

What makes Loot Labs unique

  • Boxed.gg spans physical cards and CS2 skins under one gem-based marketplace.
  • Loot Labs shows exact odds and sells back inventory for gems, reducing buyer friction.
  • November 2026 product breadth includes Pokémon, MTG, One Piece, and CS2 offerings.

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Funding

Total Funding

$7.5M

Above

Industry Average

Funded Over

2 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
$2.3M
$3M
$6M

Benefits

  • Remote Work Options
  • Flexible Work Hours

Growth & Insights and Company News

6 month growth

7%

1 year growth

7%

2 year growth

40%
Pulse 2.0
Oct 10th, 2024
Loot Labs: $6 Million (Seed) Raised To Expand Collectibles Platform BOXED.GG

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.

GeekWire
Oct 7th, 2024
Seattle startup Loot Labs raises $6M to grow digital collectibles platform Boxed.gg

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.

GeekWire
Oct 7th, 2024
Seattle startup Loot Labs raises $6M to grow digital collectibles platform Boxed.gg

(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

American Metaverse Awards
Jun 6th, 2023
Metaverse News

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).

OneMint
Jun 1st, 2023
Introducing Loot Box NFTs: Unpacking the Intersection of Gaming and Digital Collectibles.

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)​.

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