Loot Labs completes $1.5 million Pre-Seed round of financing

05/27 05:15

Loot Labs, a company led by former Cool Cats leaders, has successfully obtained $1.5 million in pre-seed funding for the launch of Boxed.gg, a web3 loot box platform. BITKRAFT Ventures led the funding round, with participation from Polygon Ventures, Mechanism Capital, Lofty Ventures Syndicate, and video game streamer Hammoudi “Yassuo” Abdalrhman. The secured funds will be allocated towards product development, marketing efforts for the Boxed platform, and establishing partnerships to enhance community engagement with existing assets.

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