Loot Crate was founded in 2012 by Chris Davis and Matthew Arevalo in Los Angeles, California. This pair of friends wanted to create a “comic-con” in a box. The company offers a subscription box service which offers electronics, comics, and other “geek” related items on a monthly basis.
By 2014, the company had more than 200,000 subscribers in 10 countries. Subscription themes change monthly and range from electronics, to “The Future”, to “Anti-Hero” related items and more. The company also operates other subscription services, such as Loot Anime, Loot Pet, and Loot Gaming.
Loot Crate officially sponsored Dungeons and Dragons in 2016, and is an official sponsor of eSports Team, Optic Gaming.
In August 2019, the company announced that it would be filing for bankruptcy protection.
The company owed more than US$30 million in debt and US$5.87 million in taxes, while its credit card processor has withheld payments to the company. While under Chapter 11 bankruptcy, it plans to continue to fulfill orders but seeks potential buyers.
In October 2019, Loot Crate announced that it had been acquired by Money Chest, LLC. Money Chest has rebranded Loot Crate as the Loot Company.
The Loot Company maintains a corporate office in Los Angeles, California.
Loot Crate was founded in 2012 by Chris Davis and Matthew Arevalo in Los Angeles, California. This pair of friends wanted to create a “comic-con” in a box. The company offers a subscription box service which offers electronics, comics, and other “geek” related items on a monthly basis.
History
By 2014, the company had more than 200,000 subscribers in 10 countries. Subscription themes change monthly and range from electronics, to “The Future”, to “Anti-Hero” related items and more. The company also operates other subscription services, such as Loot Anime, Loot Pet, and Loot Gaming.
Loot Crate officially sponsored Dungeons and Dragons in 2016, and is an official sponsor of eSports Team, Optic Gaming.
In August 2019, the company announced that it would be filing for bankruptcy protection.
The company owed more than US$30 million in debt and US$5.87 million in taxes, while its credit card processor has withheld payments to the company. While under Chapter 11 bankruptcy, it plans to continue to fulfill orders but seeks potential buyers.
In October 2019, Loot Crate announced that it had been acquired by Money Chest, LLC. Money Chest has rebranded Loot Crate as the Loot Company.
The Loot Company maintains a corporate office in Los Angeles, California.
