Loot Crate, the subscription startup for fans and geeks, raises $18.5M


Geeky commerce startup Loot Crate is announcing that it has raised $18.5 million in Series A funding.

The round was led by Upfront Ventures, with participation from Breakwater Investment Management, Time Inc., Downey Ventures (startup investment arm of Team Downey, the production company founded by Robert Downey Jr. and Susan Downey), M13 and Sterling.VC.

When you subscribe to Loot Crate, you get a monthly box with four to seven mystery items, ranging from toys to clothes to books and comics, all tied into big pop culture and geek franchises. (The company says the majority of its products are exclusive to Loot Crate.) The basic plan costs $13.95 per month, plus $6 for shipping and handling.

Founded in 2012, Loot Crate currently has more than 600,000 subscribers and more than $100…

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