Loop’d Network Gets $800K
San Diego’s Loop’d Network, an online media network for action sports, has raised $800,000 in funding from its existing private investors and Southern California’s Tech Coast Angels, a new investor. The startup founded in late 2007 says it plans to use the funding to accelerate development of its innovative business strategy, which combines e-commerce, social merchandising, and online advertising. The Loop’d Network says it became profitable in December, 2008, and says it gets 750,000 unique monthly visitors, a 450 percent increase over the past six months, according to Comscore.
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