Venture Capital News: LockerDome Grabs $1.04M Round
SAINT LOUIS, MO, Social media platform for your sports life, announced today that it has closed a new $1.04M financing round led by the St. Louis Arch Angels.
LockerDome, a social media platform for your sports life, announced today that it has closed a new $1.04M financing round led by the St. Louis Arch Angels. Other participants on the round include Cultivation Capital, Capital Innovators, and the Missouri Technology Corporation as well as several individual angel investors. This brings the company's total financing to-date to $2.1M.
"LockerDome is exactly the kind of company that we like to invest in; it has explosive growth as well as the potential to bring jobs and positive notoriety to St. Louis," remarked Jenn Adamo, member of the St. Louis Arch Angels.
The booming sports platform has averaged 25% week-over-week growth for five months straight and has already topped 850,000 monthly unique users. The platform is used by dozens of high-profile athletes, such as Olympian Bryan Clay and NFL superstar, Troy Polamalu, in addition to iconic sports brands, such as Rawlings.
LockerDome is a social media platform that allows athletes and fans to join hyperlocal sports communities - such as their favorite pro team or their local club soccer team. More than 900 of the top sports brands in the country including media companies, media personalities, celebrity athletes, brands, and amateur sports programs have launched LockerDome networks, which serve as branded communities where fans, athletes, and others can share what they love about sports. Brands build their LockerDome strategy in coordination with their existing social efforts on Facebook and Twitter as a means of extending their overall social footprint.
"We'd like to give a huge thanks to the St. Louis investor community, whose support has been fantastic. Oversubscribing on a million-dollar financing round in only a matter of weeks not only speaks to the strong growth and demand that LockerDome is experiencing, but to the quickly emerging St. Louis tech startup ecosystem," commented LockerDome CEO, Gabe Lozano.
LockerDome is a social media platform for your sports life. Just like Facebook is your personal persona and LinkedIn is your professional persona, LockerDome is your sports persona. LockerDome is the only platform where professional athletes are publishing their own content side-by-side with youth athletes and fans. Learn more at lockerdome.com.
About St. Louis Arch Angels
The St. Louis Arch Angels Network was established in January 2005 as an independent, 501c(6) not-for-profit corporation. Arch Angel members provide seed and early-stage capital in the range of $250K-$1M, an investment range not generally served by venture capitalists. The St. Louis Arch Angels Network has invested more than $27 million in 31 companies. There are currently 51 Arch Angel members.
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