Loop'd Raises $800,000 To Grow Social Network For Action Sports

Loop’d Network, an online network for action sports like surfing and snowboarding, has secured an $800,000 in an undisclosed round of funding from investor Tech Coast Angels and existing private investors.

Loop’d, which currently has 500,000 members, says it will use the new funds to development an ecommerce and social merchandising strategy. Loop’d's platform is a social network for athletes to promote themselves and and participate in a network of online communities based around action sports. Loop’d lets also members connect with brands, including Monster, Oakley and PacSun, for sponsorship.