Loop’d Network Gets $800K

Bruce V. Bigelow5/20/09

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 is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788