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.