Mojo Licensing on WeFunder | Deal Memo

Jun 7, 2021 2 min read
Invest in Mojo Licensing: Official NFL, MLB, NBA, NHL, NCAA, and PGA Tour branded backpacks and luggage | Wefunder
Official NFL, MLB, NBA, NHL, NCAA, and PGA Tour branded backpacks and luggage

Company Overview

MOJO sells officially licensed NFL, NBA, MLB, NHL, NCAA (top 150 schools), and Team USA Olympics backpacks, luggage, duffels, pet carriers, tool bags, a signature ladies’ bag line, and travel accessories. In addition, MOJO recently obtained the PGA Tour license, which includes golf bags.

The PGA Tour golf bags, as well as other select sports bags, will feature the revolutionary Shark Wheels which have been scientifically proven to outperform conventional wheels in terms of speed, longevity, and maneuverability.

What better way to support your favorite team than by using a team branded bag! A team branded bag also makes it easier to identify your bag at the airport, shows where you are from, and serves as a great conversation starter.

Mario Simonson, President

Deal Terms

  • Security: Priced Round
  • Pre-Money Valuation: $8,060,000 (Early Bird Terms)
  • Min. Investment: $299

(Data as of June 2021.)

Mojo Licensing: WeFunder Campaign Highlights

1) We sell NFL, MLB, NBA, NHL, NCAA, Team USA Olympics, and PGA Tour branded backpacks and luggage.

2) We tap into two multi-billion $ industries: licensed sports merchandise and travel goods.

3) Our competitive landscape has high barriers to entry and virtually no competition.

4) Current distribution - Fanatics, Amazon, Target, Bed Bath, Home Goods, Home Depot, team stores

5) Just signed a deal with the PGA Tour, which includes golf bags.

6) Recent deal with Shark Wheels to use the revolutionary wheels on golf bags and select sports bags.

7) Poised for explosive growth through Digital Marketing to drive consumer awareness and direct to consumer sales.

8) 5 years from now, we want to be known as the one stop shop for ALL sports bags and luggage.

Did I Invest In Mojo Licensing?

I’m still in the process of writing a full deal report and decide whether or not I will invest in Mojo Licensing on WeFunder. At Angel Notes, I review 100+ pitches on 10+ platforms every month and send a detailed report every Saturday to subscribers of the Angel Notes newsletter (you can join through the form below). See you soon!

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