LootLocker completes $2.1MM seed financing ahead of its official launch

- LootLocker, the game backend-as-a-service company announced today the closing of its $2 .1MM seed financing round. Participating in the round are IA Ventures, Acequia Capital, and notable gaming veteran angel investors like James Gwertzman (Playfab, Microsoft), Benjamin Boxer (Parsec, Unity) and Charles Songhurst (Microsoft).

Founded in 2019 by games industry serial-entrepreneurs Alexander Bergendahl and Andreas Stokholm , LootLocker provides game developers of all sizes with the vital cross-platform services that have become table stakes for today's successful games - such as player accounts and inventories, in-game commerce, and progression systems. LootLocker has been in stealth mode since 2019 but launches officially today. Prior to its public launch, LootLocker has already grown considerably with hundreds of games built and running on its platform of tools.

"We're thrilled to have an amazing group of experienced investors and entrepreneurs supporting us," said Alexander Bergendahl , co-founder and CEO of LootLocker. "The tools we've created are being used by game creators of all sizes, from solo developers working on their first game, to big AAA studios building huge games, some which could even become part of the metaverse. We're excited to use this round of funding to continue growing our services to make sure each team, no matter their size, can efficiently and effectively build successful games."

Brad Gillespie , General Partner at IA Ventures and now a LootLocker investor added, "Game developers and emerging game studios need a backend, but today they're forced to choose between the daunting task of rolling (and maintaining!) their own, or outsourcing it to the distribution platforms and having a fragmented walled-garden experience. We're delighted to support LootLocker in their ambitious quest to provide the simplest cross-platform backend for all game developers."

"We've seen it happen countless times: out of nowhere a game blows up overnight without the necessary systems in place to support and maximize its success. Other than developing everything themselves, much of the available technology today is not flexible or accessible enough for the average developer to take advantage of," said Andreas Stokholm , co-founder and CTO of LootLocker. "Now with LootLocker, any development team can instantly access these tools by signing up for a free account ( lootlocker.com/sign-up ) and be up and running in seconds - it's that easy!"

With these new funds LootLocker plans to continue growing its team ( lootlocker.com/careers ) while building out more cross-platform features that empower the most successful games around the world.

About LootLocker

LootLocker is the game backend-as-a-service company that unlocks the tools necessary to build, ship & run the most successful games. Founded in 2019, LootLocker is the most accessible and flexible backend service designed for the next generation of game developers and creators. LootLocker already has thousands of developers on the platform and hundreds of games in development or launched from solo developers and big studios around the world. https://www.lootlocker.com/

About IA Ventures

IA Ventures is a seed-stage venture capital firm investing in software businesses ahead of product-market fit. We are a tight-knit, all-partner team that works directly with founders every step of the way. Since its founding in 2010, IA has backed more than 100 companies including The Trade Desk, Datadog, DigitalOcean, Wise, Flatiron Health, Recorded Future, Komodo Health, DataRobot, and Ironclad. https://www.iaventures.com/

About Acequia Capital

Acequia Capital a global early stage investor and partner for deeply technical founders and teams. They aim to build a unique and accretive ecosystem of founders and aligned syndicate partners that can aid in the reinvention of the global economy through technology. They invest broadly across the emergent tech landscape with core focus in infrastructure, industry reinvention, and online digital experiences. They have a strong bias towards product and business model focus and bring their experience and network to help founders build long term, successful businesses. https://acecap.com/

Press Contact

Alexander Bergendahl
alexander@lootlocker.com
+46(0)72-398-9107

This information was brought to you by Cision https://news.cision.com

https://news.cision.com/lootlocker/r/lootlocker-completes--2-1mm-seed-financing-ahead-of-its-official-launch-,c3564825

The following files are available for download:

Cision View original content: https://www.prnewswire.com/news-releases/lootlocker-completes-2-1mm-seed-financing-ahead-of-its-official-launch-301545119.html

SOURCE LootLocker

News Provided by PR Newswire via QuoteMedia

GAMING00
The Conversation (0)
East Side Games

The Office: Somehow We Manage Mobile Game Available Now

East Side Games Group (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company "), Canada's leading free-to-play mobile game group, in collaboration with Universal Games and Digital Platforms, announced today the worldwide launch of The Office: Somehow We Manage on iOS and Android. The free-to-play idle game is inspired by NBC's critically acclaimed, Emmy® Award-winning U.S. version of The Office which is now streaming exclusively on Peacock.

Watch the launch trailer here .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
hand touching phone

Game-changing Prospects for the iGaming Market

iGaming has grown considerably in recent years. Driven by innovations in web technology and a changing regulatory landscape, online casinos and sportsbooks are more popular than ever.

To understand how the landscape may change moving forward, investors should assess how the industry has evolved in recent years.

Keep reading...Show less
smartphone on podium

Top Trends Shaping the Canadian iGaming Market

From emerging technologies to evolving regulations, the trajectory of iGaming has changed substantially in recent years as the market has experienced significant growth.

In 2022, Ontario's provincial government introduced game-changing legislation that established a regulatory framework for iGaming. Due to this legislation, regulated iGaming successfully displaced the unregulated market, according to Attorney General Doug Downey, creating over 1.6 million active player accounts across more than 70 operator websites as of April 2023 — just over one year following the change.

Ontario's regulation has also laid the groundwork for widespread change in the iGaming space across Canada. As iGaming continues to evolve, it's important to have a deeper understanding of both new and existing trends that will shape the industry's future, as well as regulations.

Keep reading...Show less
NorthStar Gaming Holdings

NorthStar Gaming Holdings


Keep reading...Show less
NorthStar Gaming Announces New Partnership Agreement with BettorView

NorthStar Gaming Announces New Partnership Agreement with BettorView

Partnership strategically positions NorthStar to reach consumers in restaurants and bars across Ontario

NorthStar Gaming Inc. (TSXV: BET) is proud to announce it has entered a partnership agreement with BettorView that will enable NorthStar to engage with consumers in restaurants and bars across Ontario. The partnership provides NorthStar with the opportunity to further expand player acquisition across both sports wagering and online casino in a frictionless and convenient manner.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
NorthStar Gaming Reports Triple-Digit Growth in Wagers and Revenue in Q3 2023

NorthStar Gaming Reports Triple-Digit Growth in Wagers and Revenue in Q3 2023

Strong year-over-year performance sets the stage for further growth

NorthStar Gaming Holdings Inc. (TSXV: BET) ("NorthStar" or the "Company") today released its financial results for the three- and nine-month periods ended September 30, 2023. All dollar figures are quoted in Canadian dollars.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×