LootMogul
Growth Stage
The athlete-led, AI-driven sports metaverse | Games, meta shops, and IRL rewards
Overview
Raised: $72,222
Total Commitments ($USD)
Platform
Republic
Start Date
02/24/2023
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
Valuation Cap
$65,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
32
% of Min. Goal
289%
% of Max. Goal
6%
Likelihood of Max
Avg. Daily Raise
$2,675
# of Investors
203
Momentum
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Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
GamingTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
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
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$3,333 |
$19,574 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$1,623 |
| ||
| ||
|
Net Income |
$-111,771 |
$7,106 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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: 02/24/2023
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