Loot Crate, newly profitable, adds former Maker CEO as chair

After five years of packing up T-shirts, toys and collectibles and shipping them to fans, Loot Crate has reached profitability.

And the Los Angeles startup has a new chairman: former Maker Chairman and CEO Ynon Kreiz.

The appointment accompanies Kreiz’s investment in the company. Loot Crate did not disclose the amount of its new chairman’s investment, but Recode sources pegged it at less than a million dollars.

Loot Crate previously raised an $18.5 million Series A led by Upfront Investors.