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.

Bruce V. Bigelow was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Follow @bvbigelow

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