Time Inc.
225 Liberty Street, New York, NY, 10281, United States
Overview
Time Inc. is a media company that publishes over 90 magazines, including Time, Sports Illustrated, Travel + Leisure, Food & Wine, Fortune, People, InStyle, Life, Golf Magazine, Southern Living, Essence, This Old House, All You, Real Simple, and Entertainment Weekly. It has a monthly global print audience of over 120 million and worldwide digital properties that attract more than 120 million visitors each month, including over 50 websites. Time Inc. is home to celebrated events and franchises, including the Fortune 500, Time 100, People’s Sexiest Man Alive, Sports Illustrated’s Sportsman of the Year, the Food & Wine Classic in Aspen, the Essence Festival, and the biennial Fortune Global Forum. It also provides content marketing, targeted local print and digital advertising programs, branded book publishing, and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services along with customer service and fulfillment services, for itself and third-party clients, including other magazine publishers. Time Inc. was first published in 1989 and is based in New York, N.Y.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- News
- Publishing
Investment portfolio
- Loot Crate
Participated · Series A · Jun 2016
Loot Crate is a Los Angeles, CA–based subscription commerce platform targeting super fans of entertainment and sports franchises. Founded in 2012 by CEO Chris Davis, the company partners with major studios, game companies, comics publishers, professional sports leagues and personalities to co-curate premium, exclusive consumer products. Those products are offered as themed mystery boxes delivered directly to subscribers' doorsteps. Loot Crate secured $23M in new financing that will be used to fully refinance its outstanding debt facilities and to increase operating capital. The company intends to use the capital to bolster existing subscription lines, improve the overall customer experience, enable new product launches and grow new product lines, and to establish new distribution channels. The round was led by Atalaya Capital Management with participation from new investors NECA and Bioworld Merchandising. Loot Crate ships a monthly box containing four to seven mystery items—toys, clothing, books and comics—most of which the company says are exclusive to Loot Crate. The basic plan is priced at $13.95 per month plus $6 for shipping and handling. The company offers multiple themed subscriptions (anime, gaming, franchise‑specific crates) and recently announced a partnership with 343 Industries/Microsoft Studios for a Halo subscription. Founded in 2012, Loot Crate reports more than 600,000 subscribers and over $100 million in annualized revenue. Leadership emphasizes curated personalization across an expanding set of plans rather than unique boxes per subscriber. Loot Crate already delivers to 35 countries and plans to open its first overseas office in the United Kingdom this summer.
Team
No current team members are available.