Loot Labs
Loot Labs operates BOXED.GG, a gamified digital collectibles marketplace serving over 1 million individual collectors and gamers. The platform enables box openings and peer-to-peer trading of digital items including Counter-Strike 2 skins, monetizing via transaction fees.
- Company typePrivate
- Founded2022
- HeadquartersSeattle, United States
- Headcount11–50
- GTM typeB2C
- OfferingDigital Commerce or Content
What Loot Labs does
Loot Labs Inc. is a Seattle-based, remote-first private company founded in 2022 that operates BOXED.GG, a gamified digital collectibles marketplace serving individual collectors and gamers. The platform enables users to open digital "boxes" containing collectible items and to trade those items peer-to-peer, with the company having facilitated over 15 million cumulative box openings across a registered collector base of more than 1 million and a Discord community exceeding 145,000 members.
BOXED.GG originated in physical trading card markets before pivoting toward digital collectibles, and in October 2024 Loot Labs launched a beta marketplace for Counter-Strike 2 weapon skins, extending the platform into the video game asset category. The technology stack centers on a self-serve web platform with community-driven discovery mechanics rather than any disclosed proprietary AI or blockchain infrastructure, though the 2023 funding round was framed around a "Web3 platform" thesis.
Loot Labs generates revenue primarily through transaction fees on box openings and on secondary-market trades conducted through the marketplace, monetizing a long-tail consumer base via product-led and community-led go-to-market motions. The company has raised $7.5 million in total across a 2023 $1.5 million round and an October 2024 $6 million seed round led by gaming-focused investor BITKRAFT Ventures, and operates with an 11–50 person international team spanning the US, UK, Netherlands, Canada, and South Africa.
Loot Labs firmographics
Firmographics- Name
- Loot Labs
- Legal name
- Loot Labs Inc.
- Website
- https://lootlabs.xyz
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Loot Labs operates BOXED.GG, a gamified digital collectibles marketplace serving over 1 million individual collectors and gamers. The platform enables box openings and peer-to-peer trading of digital items including Counter-Strike 2 skins, monetizing via transaction fees.
- Ownership category
- akta.pro rank
Loot Labs industry classification
Industry- Product category
- Digital Collectibles Marketplace
- NAICS
- Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers (459), Hobby, Toy, and Game Retailers (45912), Hobby, Toy, and Game Retailers (459120)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- NFT Marketplaces & Aggregators (primary/secondary, discovery, cross-market routing) (FSAPAFAB)
- akta.pro secondary industries
- Gaming NFTs & In-Game Asset Marketplaces (FSADANAF), Digital Game Marketplaces & Item Economies (NFT/Skins/Trading) (BPAMAKAJ), NFT Custody, Wallets & Asset Management (collectibles wallets, vaults, portfolio tools) (FSAPAFAF)
Keywords
Where Loot Labs is headquartered
LocationHeadquarters
- HQ city
- Seattle
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Loot Labs business model
Business model- GTM type
- B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- Digital Collectibles Marketplace: Platform facilitates trading of digital collectibles (video game skins, digital assets). Revenue generated through transaction fees on trades conducted through the BOXED.GG platform. The company leverages its experience in physical trading card markets to bridge into digital collectibles.
- Gamified Box Opening: Users pay to open 'boxes' containing collectible items on the platform. With over 15 million boxes opened, this represents a transaction-based revenue stream.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Loot Labs product offering
Product offeringCore offering
Loot Labs operates BOXED.GG, a gamified digital collectibles marketplace where users open virtual "boxes" containing collectible items and trade digital assets such as trading cards and Counter-Strike 2 weapon skins. The platform has facilitated over 15 million box openings and serves over 1 million collectors through a self-serve online experience supported by a 145K+ member Discord community.
Product overview
Loot Labs operates as a single-product company focused on its BOXED.GG platform. The platform serves as a community nexus for collectors, offering both physical trading card market experience and digital collectibles. The company has expanded from physical trading cards into digital video game collectibles, beginning with Counter-Strike 2 skins. The core value proposition is providing a secure and trusted environment for digital collectibles, leveraging experience from physical trading card markets.
Differentiator
Problem solved
Functional benefit
Brands
- BOXED.GG: A gamified collectibles platform operated by Loot Labs, serving as a growing community nexus for collectors with over 1 million collectors and 145,000 Discord users.
Products and services
- BOXED.GG
Quantifiable outcome
- Over 15 million boxes opened on the platform
- +2 more outcomes
Companies that use Loot Labs
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Loot Labs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Loot Labs partnerships and signals
Strategic signalScale indicators5 records
Recent moves5 records
Expansion highlights5 records
Loot Labs competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key highlights6 records
Customer concentration
Loot Labs social profiles
Digital presenceLoot Labs financial estimates
Financial estimateRevenue estimate
Valuation estimate
Loot Labs leadership team
Management profileNumber of profiles
Profiles8 records
Loot Labs funding detail
Funding detailFunding overview
Funding rounds2 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Loot Labs M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Loot Labs
What does Loot Labs do?
Loot Labs operates BOXED.GG, a gamified digital collectibles marketplace where users open virtual "boxes" containing collectible items and trade digital assets such as trading cards and Counter-Strike 2 weapon skins. The platform has facilitated over 15 million box openings and serves over 1 million collectors through a self-serve online experience supported by a 145K+ member Discord community.
Is Loot Labs a public or private company?
Loot Labs is a private company. It is classified as venture growth investor backed and is currently operating.
When was Loot Labs founded?
Loot Labs was founded in 2022. It employs 11 to 50 people.
Where is Loot Labs based?
Loot Labs is headquartered in Seattle, United States, in the North America region.
How does Loot Labs make money?
Two revenue lines are on record. Digital Collectibles Marketplace is the primary driver. The others are gamified Box Opening.
Does Loot Labs have an API?
No public API is recorded for Loot Labs.
What industry is Loot Labs in?
Loot Labs's product category is Digital Collectibles Marketplace. Its primary akta.pro industry code is FSAPAFAB, NFT Marketplaces & Aggregators (primary/secondary, discovery, cross-market routing), with a secondary code of FSADANAF, Gaming NFTs & In-Game Asset Marketplaces. Its NAICS code is 459 and its SIC code is 6200.