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Lootcakes logo — We empower gamers to harness their valuable-as-gold purchase...

Lootcakes

We empower gamers to harness their valuable-as-gold purchase data, and help game publishers with VIP user acquisition.

Founded 2013 United States New York, United States 2 employees Seed Total: $2.00M Big Data, Gaming +1

General Information

Company Name Lootcakes
Founded Year 2013
Location United States New York, United States
Employees 2
Industries Big Data, Gaming, Marketing
Funding Stage Seed
Social

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About Lootcakes

Lootcakes is a Big Data startup, founded in 2013 and headquartered in the United States. The company aims to assist video game publishers in acquiring high-spending gamers, who contribute a significant portion of in-app purchase revenue. Lootcakes achieves this by enabling players to leverage their purchase data, which is highly valuable to game publishers for VIP user acquisition. With 80% of in-app purchase revenue in free-to-play games coming from less than 1% of players, the challenge lies in reliably acquiring and retaining these VIP consumers, who are typically hard to locate through traditional advertising and social networks due to a lack of purchasing history data.

Lootcakes has introduced a revolutionary network that brings together and rewards high-spending players from free-to-play games. Members are incentivized to share their in-app purchase receipts from any free-to-play game on major mobile and PC gaming platforms, such as Google Play, App Store, and Steam. For every dollar spent, members receive points, or "lootcakes," which can be redeemed for free gift cards and game merchandise. Additionally, members can enhance their rewards by taking advantage of special offers, forming alliances with other players, and engaging with the Lootcakes virtual economy. This unique approach not only benefits players but also provides valuable insights and opportunities for game publishers to effectively connect with and retain high-spending users.

The latest investment in Lootcakes was a $2.00M Seed Round investment on 20 August 2020, with participation from notable investors including GAN ventures, Konvoy Ventures, and SOSV. This investment signifies a strong interest and potential in the sector, reflecting confidence in Lootcakes' innovative solution and its potential to disrupt the gaming industry.

Business keywords: gaming industry, in-app purchases, player engagement, data monetization, user acquisition, loyalty rewards, virtual economy, free-to-play games, VIP consumers, game publishers, purchase data, mobile gaming, PC gaming, user data privacy, game activity data

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round $2.00M 3
Konvoy Ventures SOSV GAN Ventures
Konvoy Ventures, SOSV +1
20 Aug 2020
Seed Round Undisclosed 1
SOSV
SOSV
01 Sep 2017

Lootcakes Alternatives & Competitors

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FAQ About Lootcakes

We empower gamers to harness their valuable-as-gold purchase data, and help game publishers with VIP user acquisition.
Lootcakes was founded in 2013.
Lootcakes is headquartered in New York, United States.
Lootcakes operates in Big Data, Gaming and Marketing. Its work centres on gaming industry, in-app purchases, player engagement and data monetization.
Lootcakes has approximately 2 employees.
Lootcakes has completed 2 funding rounds, raising a total of $2.00M. The latest funding stage is Seed.
Top alternatives and competitors to Lootcakes include Luckmon, CORE Studios, Hungri Games. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Lootcakes and Luckmon are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Lootcakes, https://bouncewatch.com/company/lootcakes, updated 11 November 2024. When citing, please name BounceWatch and link this page.

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