# Loose Tooth Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loose-tooth-industries

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.fig.co
- Total disclosed funding: $6M
- Latest round: Series A (Jan 10, 2017)
- Investors on record: 5

## About

Loose Tooth Industries, Inc. operates a video game investment platform, facilitating connections between game developers and investors through equity crowdfunding, thus enhancing funding opportunities for innovative gaming projects.Founded in 2015, Loose Tooth Industries, Inc. specializes in providing a platform for video game investments under the Fig brand, now part of the Republic platform. The company has completed four deals, with its most recent deal occurring on April 17, 2020. Justin Bailey, the founder, brings valuable experience to the organization. The company is headquartered in San Francisco, US.The core offerings of the company include a comprehensive platform for video game investments under the Fig brand, now integrated into the larger Republic platform. The platform enables both established and emerging game developers to engage with potential investors by presenting their game projects, thereby facilitating funding through the sale of Fig Game Shares. Investors benefit from participating in the revenue generated from the funded games, with 85% of revenues distributed to shareholders. Fig has positioned itself as a community publisher, providing developers with the tools to pre-sell their games while building an early fanbase. The target market encompasses a global audience, with a specific focus on the United States and Europe, catering to gamers and investors alike interested in indie and mainstream game titles.The company's revenue model primarily hinges on fundraising through equity crowdfunding, where game developers offer shares to investors in exchange for funding to develop and publish their games. Transactions are structured through campaigns hosted on the platform, where investors pledge funds to projects in return for Fig Game Shares. This model allows developers to raise capital while simultaneously growing a community of backers who are invested in the game's success. Revenue is generated as games are released and begin to generate sales, with shareholders receiving a share of the income produced. The company has seen substantial backing for various projects, reflecting the high engagement from both investors and consumers within the gaming industry.In April 2020, OpenDeal Inc., a portfolio company of AngelList, acquired Loose Tooth Industries, Inc. The recent funding will support the development of new products, including upcoming features on the Fig platform to enhance user experience and investor engagement. The company is also exploring expansion into new geographic regions, particularly targeting markets in Europe and Asia by 2022.

## Funding rounds

- Series A, Jan 10, 2017, $6M — Spark Capital, Greycroft, NextView Ventures, Resolute Ventures, Draft Ventures
- Seed, Aug 18, 2015 — Spark Capital, NextView Ventures

## Investors

- Spark Capital — Seed, Series A
- NextView Ventures (https://capitalatlas.ai/funds/nextview-ventures) — Seed, Series A
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series A
- Resolute Ventures (https://capitalatlas.ai/funds/resolute-ventures) — Series A
- Draft Ventures (https://capitalatlas.ai/funds/draft-ventures) — Series A