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LootMogul isn't accepting new investments

LootMogul ’s deadline was April 25, 2023

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LootMogul

The athlete-led, AI-driven sports metaverse | Games, meta shops, and IRL rewards
AR/VR Marketplace Sports B2C Software AAPI Founders Blockchain
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$125,687
Raised
277
Investors
Successfully funded and closed on April 25, 2023.
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Closed on April 25, 2023. Information may not be up-to-date. Campaign closed on April 25, 2023. Information displayed may not be up-to-date.
Problem Solution Product Traction Biz. model Market Vision and strategy Impact Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by NextGen TM Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
LootMogul Crowd SAFE LootMogul Form C.pdf
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Hear from some of the 277 people reserved or invested in LootMogul


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Highlights


$5M+ raised
Company has previously raised over $5M in capital
Venture-backed
Company is backed by a venture capital firm
  • Blockchain Mini Sports Games | Meta Sports Shops | In Real Life Rewards
  • Sports brands convert their Web2 Stores to a Web3 NFT Store with one click
  • AI-driven athlete avatars enable games, engagement, & shopping
  • NFTs unlocks real-life experience, athlete interaction, and merchandise
  • 253 brand ambassadors (sports athletes) from NBA, NFL & Collegiate Level
  • 104 million reaches on social media through our brand ambassadors
  • Cashflow positive, generating ~$80k net revenue per month


Problem


Web3 is complicated
and has a sports gap

  • There are no sports-centric metaverses with real-world benefits that focus on fan engagement with all tiers of college and professional athletes.
  • Most current generic metaverses have complicated onboarding and questionable trust for both brands and athletes.
  • Digital Assets (NFTs) have limited or no real-world usage, and collectibles do not address 99% of the athlete's population and brands.
  • Athletes & Brands cannot easily convert their current followers on Web2 online channels (Instagram, TikTok etc.) to Web3 customers.

Solution


Bringing the power of Web3 to athletes, brands and fans 

in a new era of sports metaverses & gaming.

Powered by multi-player blockchain games, meta shops for brands and athletes, virtual real estate, training academies, & digital collectibles with In-Real-Life (IRL) rewards.



LootMogul sports city with stadiums, multi-player mini games,
real-world meta shops, experience centers,
and in-real-life connections with athletes and brands.

  • Customer aligned omni channel for immersive sports metaverse
  • Focus on real utility for real customers at scale
  • Artificial Intelligence driven & leverage trusted Web3 infrastructure components
  • Revenue-first approach for athletes, fans and brands drives engagement

LootMogul has multiple levers to scale, current traction, and a retention-oriented business model.

Product


The LootMogul
metaverse experience

Athlete-led fan engagement

  • LootMogul is an athlete-led Web3 sports metaverse platform that converts athlete & brand Web2 social media followers to Web3 consumers using AI driven behavioral analysis.
  • LootMogul builds virtual sports cities with real-world utilities & merchandises. LootMogul produces & publishes Web3 sports games for athletes and fan to engage.
  • LootMogul offers SaaS meta-shops solutions to sports brands for converting and/or integrating their online Web2 stores to a Web3 store.
  • Merchandise not only can be put on your avatar to unlock metaverse experiences & game levels, but also can be physically delivered to your home. 
  • LootMogul focuses on new revenue streams & experiences for athletes, sports brands, and fans using their real-world influence.
  • LootMogul’s target customers are athletes that have a strong online presence and/or inspiring real-world story.

LootMogul takes a pragmatic approach of bringing athletes, brands, and fans into a sports-centric metaverse using open standards, single-click onboarding, and full transparency.

Traction


Cashflow positive, 

generating ~$80k revenue per month.

  • 253 Brand Ambassadors  / Athletes
  • 104 Million platform reach through athletes
  • 84K Active Users
  • 24K Games played per day
  • 576 months of engineering resources

Industry Accolades

  • LootMogul venture is accelerated (1 of 5 ventures) by National Basketball Player Association in collaboration with Andreessen Horowitz (a16z)’s Cultural Leadership Fund and Patricof Co.
  • Web3 Studios reports LootMogul as one of the top sports metaverse experience platform in December 2022.
  • LootMogul is competitively selected (1 of 6 ventures) by National Football League Player Association (NFLPA) to participate in their 2023 NFLPA Pitch Day Competition during the 2023 NFL Superbowl LVII Week.



—
LootMogul brand ambassadors
—

  • 253 professional & collegiate athletes (NBA, WNBA, NFL etc.)
  • Multi-year agreements
  • Expect to secure over 1000+ college and professional brand ambassadors by Q4 2023


—
Metaverse ecosystem partners
—

LootMogul is leveraging industry standard Web2 & Web3 components to scale and secure the platform globally.

Business model


Highly scalable revenue model through two main streams of revenue


1. Sports commerce-driven
Meta-commerce and brand ad revenue

LootMogul is building one-click solution that will convert and integrate brands Web2 online stores to Web3 meta shops — where metaverse avatars can get dressed up with real-world products, while having an option to ship these physical items to their home.

This will be offered as a SaaS solution to brands, just like Web2 Shopify Stores.

Web2 companies (online/retail stores such as Nike, Under Armor, Wrangler, Lululemon, HoopCulture, etc.) can partner with sports-centric metaverse companies like us to create/extend their web3 presence, with digital collectibles that ship in-real-life goods (clothing, shoes, etc.) to the consumer.

This is a highly scalable model (trillion+ USD), like internet sales in early 2000. Most companies in the space are looking to perform this activity, while boosting their current physical item sales — as predicted by McKinsey/Goldman Sachs, etc.


2. Athlete-driven
Mini Blockchain Games | Learn&Earn + Play&Earn

Sports fans can play mini games to learn or compete using AI-driven characters that mimic each real-world athlete’s capabilities. 

Fans can create fantasy teams & leagues to compete globally in LootMogul’s multi-player tournament model.

This is another highly scalable model; the total addressable market of professional, college, & high-school athletes (active & retired players) across all sports genres is in the millions.

There are opportunities to expand across many sports genres such as Basketball, Football, Soccer, Hockey, Baseball, Cricket, Pickleball, Bull Riding, Fitness and Bodybuilding Federation, etc.

Market


The metaverse is too big for companies to ignore

  • McKinsey & Company: Businesses and consumers annual global metaverse spending could reach $5T by 2030
  • Goldman Sachs / Morgan Stanley:  Goldman Sachs backs Morgan Stanley’s $8T metaverse prediction  
  • Citi: Says 2030 metaverse economy could be worth $13T


Vision and strategy


Simple & innovative engagement platform for athletes and brands

in a new Web3 sports economy.

  • Athletes engage with fans using multi-player blockchain games, training academies & meta shops.

  • Brands engage with athletes and fans through sports focused meta commerce.

  • Sports fans generate content, own and monetize with athletes and brands.

Mission: Expanding Web3 community by bringing Web2 sports fanatics & gamers into the metaverse.

Funding


$8.25M raised
from seed investors

at $41M pre-money equity valuation

Secured $200M equity line subscription facility commitment from GEM which can be pulled down if/once company is publicly traded.

Founders


Raj Rajkotia
Founder & CEO

Raj Rajkotia is an inspiring executive with extensive expertise in the gaming, technology, and blockchain industries. With over 18+ years of experience in these fields, he has demonstrated exceptional leadership skills and a deep understanding of the latest technologies and trends. He has previously worked with Riot Games and WB Games. His unique combination of knowledge and experience makes him a valuable asset to any team.

Email | LinkedIn

Kuntal Sampat
Co-Founder & COO

With close to 30 years in industry, Kuntal Sampat brings a wealth of experience and expertise to the team. With a background in both technology and gaming, he has spent decades working in these domains, leading well-known companies such as Sugal & Damani Group of Companies and Poker Stars. His exceptional understanding of both technology and gaming, combined with his strong leadership skills and motivation, make him a valuable asset to the team and contribute to the overall success of the company.

Email | LinkedIn

Deal terms


Valuation cap

$65,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Minimum investment

$100

The smallest investment amount that LootMogul is accepting.
Learn more

Maximum investment

$123,500

The largest investment amount that LootMogul is accepting.
Learn more

Funding goal

$1.24M

LootMogul must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.24M.
Learn more

Deadline
LootMogul needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

Nominee Lead

Chief Executive Officer of NextGen TM Inc. (Raj Rajkotia)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by NextGen TM Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
LootMogul Crowd SAFE LootMogul Form C.pdf

About LootMogul

Legal Name
NextGen TM Inc.
Founded
Feb 2020
Form
Delaware Company
Employees
1
Website
lootmogul.com
Social Media
Headquarters
Google Map location of of LootMogul
831 North Tatnall Street Suite M #275 , Wilmington, DE
Headquarters
831 North Tatnall Street, Suite M #275, Wilmington, DE, United States 19801

LootMogul Team
Everyone helping build LootMogul , not limited to employees

Profile picture of Nilesh Sukalikar
Nilesh Sukalikar
Engineering Team Lead
Having over 9+ years of experience in the industry, Nilesh has worked for Six Leaf and Data is Good in the past.
Profile picture of Thomas Doyle
Thomas Doyle
Legal Counsel - Advisor
Tom Doyle serves as the legal advisor to LootMogul, leveraging his extensive legal experience and expertise to provide valuable counsel and support. He has been honored as one of the Top 100 Trial Lawyers in America by the National Trial Lawyers
Profile picture of Zai Ortiz
Zai Ortiz
Creative Advisor
Zai Ortiz is a seasoned and visionary creative professional with over two decades of experience in the entertainment industry and has been awarded with the CES 2020 Best of Innovation Award.
Nilesh Sukalikar
Engineering Team Lead
Thomas Doyle
Legal Counsel - Advisor
Zai Ortiz
Creative Advisor

Press

LootMogul, global sports metaverse company, expands in Eu...
Yahoo Yahoo
·
Jan 31, 2023

SANTA MONICA, Calif. , /PRNewswire/ -- LootMogul partners with Six Sport Sports Metaverse company is partnering with a le...

Web3 Studios reports LootMogul as one of the top sports m...
Morningstar, Inc. Morningstar, Inc.
·
Dec 8, 2022

Web3 Studios reports LootMogul as one of the top sports metaverse SANTA MONICA, Calif., Dec. 8, 2022 /PRNewswire/ -- is l...

LootMogul partners with Metaverse Sports Group and onboar...
Yahoo Yahoo
·
Nov 4, 2022

SANTA MONICA, Calif. , /PRNewswire/ -- is thrilled to partner with Metaverse Sports Group (MVSG) and is executing on its ...

LootMogul, Sports Metaverse signs $10M deal with Seasoned...
Yahoo Yahoo
·
Oct 11, 2022

LootMogul teams up with Shaw Sullivan, creator of CowChip Crypto DAO, Bull Riders Only (BRO), and one of the largest ex-s...

LootMogul, Sports Metaverse announces first naming rights...
Yahoo Yahoo
·
Sep 26, 2022

SANTA MONICA, Calif. and NEW YORK , Sept. 26, 2022 /PRNewswire/ -- announced that an agreement has been made for Hoop Cul...

LootMogul, A Sports Metaverse And Web 3.0 Platform, Lever...
Forbes Forbes

Global investment bank Goldman Sachs has predicted that the metaverse could be an $8 trillion opportunity. Several others...

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LootMogul

LootMogul successfully raised $125,687 from 277 investors on April 25, 2023
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Mary Esther, LaMonte, Kelvin, Kristen, Serkan, and 272 others invested. 22 Reviews
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