Loop’d raises $800K in third round, plans to release its own e-commerce platform | Startup Meme - Technology Startup and Latest Tech News

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May 21 2009

Loop’d raises $800K in third round, plans to release its own e-commerce platform

Sardar Mohkim Khan 

funding thumb5 Loop’d raises $800K in third round, plans to release its own e commerce platform

Loop’d has raised $800,000 in its third round of funding. The round was led by its new investors, Tech Coast Angels along with participation from existing private investors. With quite a lot of struggle that action sports brands have to put up with, Loop’d will be using the current funds to initiate its own e-commerce platform. Loop’d has been trying to keep its expenses tied up and laid off a few of its employees and continues to snail through the present economic crisis.

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