Loop’d Network, the online network for action sports, has secured an additional $800,000 in funding from its existing private investors, along with new investor Tech Coast Angels.
The company intends to use this new financing to accelerate development of its eCommerce infrastructure and social merchandising strategy. Launched in November 2007, Loop’d has an innovative advertising and eCommerce model and became profitable in December 2008.
Originally posted on May 23, 2009 @ 6:36 am