About Lootcakes
Lootcakes is a company based in New York (United States) founded in 2013 by Matt Littin and David Schleupner.. Lootcakes has raised $2.12 million across 2 funding rounds from investors including Orbit Startups, Konvoy and SOSV. Lootcakes operates in a competitive market with competitors including STEPN, WAM, Arcade, GamerHash and PreShow, among others.
- Headquarter New York, United States
- Founders Matt Littin, David Schleupner
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.12 M (USD)
in 2 rounds
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Latest Funding Round
$120 K (USD), Seed
Jun 01, 2021
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Investors
Orbit Startups
& 3 more
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Employee Count
Employee Count
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Funding Insights of Lootcakes
Lootcakes has successfully raised a total of $2.12M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $120 thousand completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $120,000
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First Round
First Round
(20 Aug 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Seed - Lootcakes | Valuation |
investors |
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| Aug, 2020 | Amount | Seed - Lootcakes | Valuation | Konvoy Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lootcakes
Lootcakes has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Orbit Startups, Konvoy and SOSV. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Startups are incubated across sectors without restrictions.
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Founded Year | Domain | Location | |
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Venture capital firm investing in gaming technologies based in Denver.
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Founded Year | Domain | Location | |
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Venture capital and accelerator services are provided across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lootcakes
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lootcakes
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lootcakes Comparisons
Competitors of Lootcakes
Lootcakes operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as STEPN, WAM, Arcade, GamerHash and PreShow, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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Online gaming monetization platform enables reward earning via ad viewing.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Lootcakes
When was Lootcakes founded?
Lootcakes was founded in 2013 and raised its 1st funding round 7 years after it was founded.
Where is Lootcakes located?
Lootcakes is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Lootcakes?
Matt Littin is the current CEO of Lootcakes. They have also founded this company.
Is Lootcakes a funded company?
Lootcakes is a funded company, having raised a total of $2.12M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Aug 20, 2020.
What does Lootcakes do?
Lootcakes was founded in 2013 in New York, United States, within the gaming sector. Services are provided to game publishers and marketers to expand player bases and generate revenue through gameplay. Rewards are enabled for players engaging in free-to-play games, either individually or in teams with friends. Operations focus on facilitating increased participation and monetization in the gaming industry.
Who are the top competitors of Lootcakes?
Who are Lootcakes's investors?
Lootcakes has 4 investors. Key investors include Orbit Startups, Konvoy, SOSV, and Morrow.
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