Loot Crate is a subscription box service established in 2012 which provides monthly boxes of geek and gaming related merchandise. Loot Crate was co-founded by Chris Davis and Matthew Arevalo in 2012 who aimed to create a "comic-con in a box". By 2014 the company had over 200,000 subscribers in 10 countries. In 2016, Loot Crate 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, M13 and Sterling VC.