LootMogul

LootMogul

Growth Stage

The athlete-led, AI-driven sports metaverse | Games, meta shops, and IRL rewards

The athlete-led, AI-driven sports metaverse | Games, meta shops, and IRL rewards

Overview

Raised this Round: Raised: $125,787

Total Commitments ($USD)

Platform

Republic

Start Date

02/23/2023

Close Date

04/24/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$65,000,000

Discount

20%

Year Founded

2020

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Wilmington, Delaware

Business Type

High Growth

LootMogul, with a valuation of $65 million, is raising funds on Republic. It is an AI-driven sports metaverse created by athletes for athletes. The metaverse includes blockchain mini sports games, meta sports shops, and real-life rewards and enables sports brands to convert their Web2 stores to Web3 NFT stores in a click. LootMogul has 253 brand ambassadors and a social media reach of 104 million. Raj Rajkotia and Kuntal Sampat founded LootMogul in February 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology, infrastructure, and product development, sales and marketing, partner services, and general and administrative expenses.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$3,333

$19,574

COGS

$0

$0

Tax

$0

$1,623

 

 

Net Income

$-111,771

$7,106

Summary Balance Sheet

FY 2021 FY 2020

Cash

$636,580

$27,839

Accounts Receivable

$0

$0

Total Assets

$636,580

$27,839

Short-Term Debt

$500,000

$1,740

Long-Term Debt

$0

$0

Total Liabilities

$500,000

$1,740

Financials as of: 02/23/2023
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LootMogul on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $65,000,000

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