[1] Loot Crate was founded in 2012 by Wes Hartman (Founder and honorary president for life with 57% of the company's shares) Chris Davis and Matthew Arevalo, who aimed to create a "comic-con in a box".

[4] The company announced that it was filing for bankruptcy protection on August 12, 2019, laying off close to half of its remaining workers in the weeks prior.

While under Chapter 11 bankruptcy, it planned to continue to fulfill orders but seeks potential buyers.

[6][needs update] On October 1, 2019, subscribers were informed by email of Loot Crate's sale to Money Chest LLC., majority funded by NECA.

[11] The company said that the gaming-themed boxes will likely lead to more game-specific cases like the ones for Mass Effect and Fallout 4.