Middle market firm supports revolutionary fan-based commerce platform to further its global expansion.
LOS ANGELES, JUNE 2016 – Breakwater Management, LP (“Breakwater”) is pleased to announce the recent closing of a significant growth financing for Los Angeles-based Loot Crate, Inc., the leading fan-based commerce and community platform. Loot Crate offers its consumers, affectionately known as “Looters,” monthly themed mystery boxes tailored around leading entertainment and pop culture franchises. Currently, subscribers total over 600,000 worldwide and the company services 35 countries.
Based in Los Angeles, Breakwater is a private investment firm that specializes in direct growth capital investments in leading lower middle market companies. Breakwater’s long track record of investing in consumer-focused, growth-oriented businesses based in California presented a natural partnership with Loot Crate.
Saif Mansour, Founder and Co-Managing Partner of Breakwater, commented: “Loot Crate is an innovative, differentiated company that is well positioned for continued growth in its core business, as well as expansion into new products and international markets. We are delighted to partner with Loot Crate’s talented management team and excited for what’s in store for the Looter community.”
Chris Davis, Loot Crate CEO and Co-Founder, stated, “With this capital infusion from Breakwater and other key partners, we will accelerate our innovation and expand our global presence. Loot Crate is defining the next generation of ecommerce and will continue to deliver its growing fan base a unique and exciting monthly experience.”
ABOUT BREAKWATER MANAGEMENT, LP
Breakwater Management is a private investment firm that backs leading lower middle market growth companies. The firm aligns itself with committed management teams, owners, and sponsors, providing both financing and operating expertise to propel emerging businesses into their growth curve. Breakwater offers independent and institutional investors access to proprietary direct lending and growth equity opportunities through multiple vehicles.
To learn more about Breakwater, visit www.breakwatermgmt.com or call (424) 777-4000.
ABOUT LOOT CRATE
Loot Crate™, founded in late 2012, partners with the largest movie studios, game companies, comic publishers, and general pop culture talent to deliver multiple lines of themed mystery boxes monthly to fans, affectionately called “Looters,” around the world. More than just a branded box of licensed apparel and collectibles, Loot Crate™ represents and fuels the passion found in fandom for not only its consumers, but also its partner brands. Its employees share the same passions with its large and growing subscriber base, bringing them together with digital and real-world platforms that connect the Looters community. Loot Crate™ is committed to curating and creating an inclusively exclusive membership experience for all fans alike, month after month, year after year. For more information, please visit www.lootcrate.com.
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