Fund Portfolio Updates: Lockerverse + MOGL (Q3 2023)

Lockerverse

Founded by former Stanford athletes, tech executives, and industry-leading sports and entertainment attorneys, Lockerverse is an expanding community platform that enables sports icons and content creators to streamline their digital presence, foster deeper and more meaningful connections, and monetize die-hard fans, i.e. highly-engaged, loyal fans who spend 6x more annually than self-described casual fans. Lockerverse’s mission is to solve the digital presence and monetization fragmentation problem for sports icons and content creators by providing them a single destination and tools to effectively build communities of die-hard fans and generate recurring revenue.

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• Disney Accelerator & Growing User Base: One of six companies selected to participate in the 2022 Disney Accelerator, Lockerverse is currently in open beta, driving revenue, and growing its user base at ~20% MoM.  
• Groundbreaking Partnerships: ESPN, HBCUs, premier NFL players like Houston Texans QB CJ Stroud, and a rapidly growing list of content creators are running active campaigns and building digital communities of die-hard fans directly on the platform. Other NFL, NBA, and NCAA players (including USC guard Bronny James), as well as NIL collectives and other digital communities of die-hard fans, are scheduled to follow suit in the coming weeks and months. Those campaigns will drive user growth, awareness, and, in some cases, immediate subscription revenue. Lockerverse is establishing itself as the go-to community platform for sports icons and creators.

MOGL

MOGL is the leading athlete marketplace and software provider powering the NIL era in collegiate athletics. The technology democratizes access to college athletes for brands and fans while providing athletic departments and collectives the software they need to manage their NIL programs and compliance.

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• Approaching $40k in MRR with 32% Avg MoM Growth: Company recurring revenues continue to grow consistently each month. Since launching subscriptions, MOGL is averaging 32% MoM growth over the past 6 months and grew net revenue 110% QoQ. 

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• New Partnerships: We have recently partnered with brands including USA Today, Liquid IV, and Fandango, and NIL collectives associated with the University of Oregon and Rutgers University.