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Venture Capital News: LockerDome Grabs $750K

ST. LOUIS, MO, Social networking site for sports raised money from more than a dozen angels and strategic partners.
LockerDome announced the closing of a $750K angel financing round. Participants in the round include serial entrepreneurs Brian and Carol Matthews, co-founders of Primary Network and CDM Fantasy Sports; Capital Innovators, a St. Louis-based technology accelerator fund; Moosylvania Marketing, a nationally-recognized marketing agency; and Hal Gentry, co-founder of Capital Innovators and GridLogix, among more than a dozen other angel investors.

The funds will be used to accelerate LockerDome's push into the consumer market, an extension of the company's existing offerings to sports teams, leagues, and programs.

"We expect to be extremely aggressive in 2012, as we begin reaching out into new markets and focusing more on the consumer end of the market, along with a few surprises," said LockerDome CEO, Gabe Lozano.

LockerDome has been surging recently, growing by more than 400% over the past 6 months and registering an impressive collection of high-profile sports brands across the country. Amateur sports teams and leagues launch their own LockerDome networks, which serve as their own private social network where their athletes, coaches, and parents can create profiles, upload media, and gain national exposure.

More than 350 LockerDome networks have been launched to-date, including high-profile national brands such as East Coast Pro Showcase, a showcase event whose participants made up more than 100 of the 2011 MLB draft picks, and the Dallas Texans, one of the top ranked soccer programs in the country. The star-studded list of top sports brands launching LockerDome networks represents more than 50 of the top 100 amateur soccer programs in the country and over 25 of the top 50 amateur baseball programs.

In addition to fresh financing, LockerDome has announced that today they are opening up their doors for any athlete, coach, scout, and fan to create their own sports profile, free of charge. Until now, LockerDome profiles were limited to only individuals who were members of programs which have launched a LockerDome network. The new functionality dramatically enhances LockerDome's reach and its ability to connect athletes across the country.

About LockerDome
LockerDome is a social networking site for sports. Just like Facebook is your personal persona and LinkedIn is your professional persona, LockerDome is your sports persona. LockerDome works with youth sports programs across the United States to launch private team and league networks, connecting their athletes and teams with other programs across the country. LockerDome allows you to join sports networks for the teams you currently play on and have played for in the past. In addition, you can follow professional athletes who are part of the LockerDome celebrity network. With a LockerDome ID, an athlete's sports memories are accessible in one place, forever.
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