# Loupe Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loupe-tech

- Industry: Software
- Headquarters: Sunrise, US
- Website: www.loupetheapp.com
- Total disclosed funding: $12M
- Latest round: Series A (Jun 10, 2021)
- Investors on record: 1

## About

Loupe Tech, LLC operates as a mobile application focused on the sale and distribution of sports trading cards, providing an engaging platform for collectors and investors through live break events.Loupe Tech, LLC specializes in mobile applications for the sale of sports trading cards. Founded in 2020, the company is headquartered in Sunrise, US. Founders Eric Doty and Lynsey Leoncavallo, who have previous entrepreneurial experience, led the company through its initial funding rounds. Loupe has successfully completed 2 funding deals, with the most recent being a Series A round on June 10, 2021, raising USD 12.00 mn led by Forerunner Ventures.Loupe Sports Cards specializes in the sale and distribution of sports trading cards and related merchandise, primarily focusing on break events and personal breaks. Their core offerings include various case breaks of popular trading card series, such as the Topps Series 2 and Contenders Football, where customers can purchase spots in breaks that allow them to receive cards from sealed boxes opened live. These events cater to both individual collectors and investors, providing an engaging platform for enthusiasts to acquire sought-after cards. Loupe serves a diverse client base that includes casual collectors, serious investors, and hobbyists across various geographical markets, notably in North America, where the demand for sports cards has surged in recent years. The company’s operations are designed to create a community around the trading card hobby, encompassing both the excitement of live breaks and the chance to own valuable collectibles.Loupe Sports Cards generates revenue through structured transactions involving live case breaks, personal breaks, and direct sales of trading cards. Customers participate in breaks by purchasing spots, which grants them access to specific teams or packs from the selected products. The company offers various pricing structures based on the type of break; for instance, jumbo case breaks and half-case breaks provide different levels of access and potentially varying returns on collectible value. Additionally, Loupe may implement subscription models or partnerships with retailers to enhance their service offerings and customer engagement. The flagship products include popular trading card series, with pricing reflecting the market demand and rarity of the cards involved in each break. This direct-to-consumer approach facilitates a streamlined purchasing process while fostering a vibrant community in the sports card market.In June 2021, Loupe Tech, LLC raised USD 12.00 mn in Series A funding led by Forerunner Ventures, with participation from individual investors. The company plans to utilize this funding to scale up its team to assist with new product features, partnerships, and user acquisition. Loupe aims to launch new products, enhancing its service offerings, while also targeting expansion into additional North American markets in the coming year.

## Funding rounds

- Series A, Jun 10, 2021, $12M — Forerunner Ventures

## Investors

- Forerunner Ventures (https://capitalatlas.ai/funds/forerunner-ventures) — Series A