# Lootcakes

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lootcakes

- Industry: Software
- Headquarters: New York, US
- Website: www.lootcakes.com
- Total disclosed funding: $2M
- Latest round: Seed (Aug 20, 2020)
- Investors on record: 5

## About

Lootcakes Inc. is a technology company focused on delivering cloud-based solutions that enhance operational efficiency for businesses, offering tools for application development, deployment, and management.Founded in 2013 in New York, US, Lootcakes Inc. specializes in developing cloud-based solutions for businesses. The company was co-founded by David Schleupner and Matt Littin, both of whom have extensive experience in the tech industry. In August 2020, Lootcakes raised USD 2.00 mn in Seed funding, led by Konvoy Ventures, with participation from GAN Ventures and returning investor SOSV. This funding round has been the only one recorded thus far, bringing the total amount raised to USD 2.00 mn.The company specializes in providing a suite of cloud-based solutions that primarily focus on enhancing operational efficiency and scalability for businesses. Their core product offerings include a comprehensive platform for application development, deployment, and management, which enables users to build and host web applications in a secure environment. These services cater to a diverse range of end-use cases, such as e-commerce, content management, and enterprise resource planning. The clientele encompasses small to large enterprises across various sectors, including technology, finance, and healthcare. Geographically, the company’s products are available in major markets, including North America, Europe, and parts of Asia-Pacific, allowing them to serve a global customer base effectively.The company generates revenue primarily through a subscription model, where clients pay for access to its cloud services on a monthly or annual basis. This transactional structure often includes tiered pricing plans that cater to different business sizes and needs, enabling clients to select packages that align with their operational requirements. Additionally, partnerships with other technology providers enhance their revenue streams by integrating complementary services that expand their market reach. The flagship products are designed to offer flexibility and scalability, allowing businesses to adapt their usage based on demand. The revenue structure is supported by a mix of direct-to-consumer and B2B transactions, ensuring a diverse portfolio of income sources.Lootcakes Inc. plans to utilize the USD 2.00 mn raised in Seed funding to enhance their product offerings and explore new market opportunities. The company is currently designing new features for their cloud platform, aiming for a rollout in late 2021. Additionally, there are intentions to expand into the Asia-Pacific region, with a focus on Japan and Australia, by the end of 2022. This growth strategy is part of a broader initiative to increase their market presence and better serve clients across diverse geographical locations.

## Funding rounds

- Seed, Aug 20, 2020, $2M — SOSV, GAN Ventures, Konvoy Ventures
- Seed, Apr 8, 2020 — SOSV, Orbit Ventures
- Seed, Apr 4, 2019 — SOSV, Haflo
- Seed, Sep 1, 2017 — SOSV, Orbit Ventures

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- Orbit Ventures (https://capitalatlas.ai/funds/orbit-ventures) — Seed
- Haflo — Seed
- GAN Ventures (https://capitalatlas.ai/funds/gan-ventures) — Seed
- Konvoy Ventures (https://capitalatlas.ai/funds/konvoy-ventures) — Seed