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XSET

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Akshat Goenkaunlockedknows Greg Selkoe Β· together at Y Combinator (overlapped)
Γ—10knows the team Β· via Y Combinator
knows the team Β· via Rollins College

XSET is a gaming and esports organization that sells branded apparel and merchandise, including jerseys, hoodies, and shorts, often through collaborations with gamers and lifestyle brands. Its collections feature signature "set members" such as Clix, MrSavage, and Tee Grizzley.

Also known as XSET Gaming

Founders & leadership

GSGreg Selkoe
Greg SelkoeinFounderGreg Selkoe previously held executive and ownership roles at Karmaloop, FaZe Clan, and Future Boston, a nonprofit organization, before co-founding and serving as CEO of XSET, a gaming and esports organization.

Investors Β· 10

Also in the syndicate Β· 8

Alpha SigmaBaron DavisEzekiel ElliottLightWork WorldwideleadMind Melt MediaQuality ControlSwae LeeleadYoung Money

Funding

SEC filings, press & company announcements

$15M disclosed across 1 of 5 rounds Β· 2020–2022

  • $15MSeries AJul 2022 Β· 3 sources

    LightWork Worldwide (lead)

    Source β†—

Source: company announcements and press reports β€” follow each round's link for the claim.

Company profile

researched Aug 2026

XSET (full name XSET Gaming) is an American professional gaming and lifestyle media brand headquartered in Boston, Massachusetts, with an additional office in Los Angeles. Launched on July 16, 2020 by a group of former FaZe Clan executives β€” Greg Selkoe, Marco Mereu, Clinton Sparks and Wil Eddins β€” the organization was built around a stated goal of creating a more inclusive and diverse gaming organization reflecting the racial and gender diversity of the gaming audience.

The company operates professional esports teams across titles including Fortnite, Rocket League, Call of Duty: Warzone, Call of Duty: Mobile, PUBG Mobile, Madden NFL, Apex Legends, Tom Clancy's Rainbow Six Siege, Halo Infinite and iRacing; one 2024 account describes eight esports teams spanning Valorant, Rocket League, Fortnite, Warzone and Apex Legends. Alongside competition, XSET maintains a roster of content creators and brand ambassadors β€” referred to as "set members" β€” including Cody "Clix" Conrod, MrSavage, Tee Grizzley, Lil Wayne, Nigel Sylvester and Fraanticc, and in 2023 signed the humanoid robot Sophia. Its direct-to-consumer store sells roughly 93 products, mostly apparel such as player jerseys (about $70), hoodies ($55–$60), tees ($30–$40), shorts ($40) and accessories including snapbacks, pins, mousepads and a wall clock.

XSET also runs brand activations and partnerships outside competitive play, including gaming cabanas and a residency at Drai's Beachclub and Nightclub in Las Vegas, an activation at Ozuna Fest in Cancun, participation in the Breakaway Music Festival, and an "XSET Day" takeover of Fenway Park. Listed partners include Scuf Gaming, GHOST, Respawn Products, HyperX, Interscope and Mavix, and collaborations have spanned Roots Canada, Lids, Quality Control Music, Roland, the Boston Red Sox, Fanshark and Wahlburgers. In 2022 it launched a Black Xcellence program.

Founding story

XSET was founded in 2020 by Greg Selkoe together with Marco Mereu, Clinton Sparks and Wil Eddins, all former FaZe Clan executives; Selkoe had been president and co-head of FaZe Clan and earlier founded the streetwear e-commerce company Karmaloop. Selkoe's stated aim in launching XSET was to build a gaming organization that was more inclusive and diverse and better reflected the racial and gender makeup of the gaming population. The organization was formally launched on July 16, 2020.

Business model

XSET combines a competitive esports organization with a consumer products and media business. Revenue-generating activities described in sources include direct-to-consumer merchandise and apparel sold through its own online store, brand partnerships and sponsorships, talent and creator representation across music, art, sports, fashion and entertainment, brand activations and event residencies, and β€” following the Illusive Media acquisition β€” in-house creative studio services producing in-game maps, digital skins, immersive digital worlds and short- and long-form content.

Merchandise sales at published retail prices (jerseys $70, hoodies $55–$60, tees $30–$40, shorts $40, accessories $12–$65), plus brand partnership, sponsorship and activation deals and, after the Illusive Media deal, creative studio and content production work for marketer clients.

Traction

Reported 130M+ followers across social channels as of 2024, eight esports teams across multiple titles, a roster of high-profile creator and celebrity ambassadors, and roughly 93 products listed in its online store. Acquired Illusive Media, a studio with a team of 14 and 2B+ YouTube views, in June 2024.

Latest developments

The June 2024 acquisition of Illusive Media created XSET Studios, led by Illusive co-founder Shomi Patwary, with a first collaborative project described as a Fortnite map with a Miami Dolphins receiver; it was the company's first M&A deal since its $15M raise in 2022. The company's store currently features a 2026 jersey line covering set members including Clix, MrSavage, Veno, Muz, Higgs, Faxuty, Fraanticc, Nina, Moxie, Regs, Daya and Kanary, plus a Clix-linked Racing Collection.

β–ΈFull profile β€” market position, go-to-market, geography, history, risks & controversies

Market position

XSET is positioned as a diversified gaming entertainment and lifestyle company rather than a pure competitive esports team, competing for brand budgets alongside organizations such as FaZe Clan, GameSquare and Loaded. Industry commentary places its Illusive Media purchase within a broader wave of digital and gaming M&A in which agencies and gaming orgs consolidate to serve marketers targeting young male audiences, and notes expectations of further consolidation of gaming IP and esports orgs at valuations well below prior peaks.

XSET was founded on an explicit diversity and inclusion premise and blends esports competition with music, fashion and celebrity culture, drawing owners and ambassadors from hip-hop and professional sports. It emphasizes creator collaborations and limited-edition apparel drops (with partners including Jay-Z's Paper Planes, Clix's Dr3amin brand, Ganga, Roland and Roots Canada), physical activations such as Las Vegas gaming cabanas, and, since 2024, an in-house creative studio capability.

Go-to-market

XSET reaches audiences through signed esports rosters, creator and celebrity ambassadors with large followings (reported at 130M+ across the organization's social channels), limited-edition merchandise drops sold on its own e-commerce store and via partners such as NTWRK and Lids, an email newsletter, and experiential activations at nightclubs, music festivals and sports venues. Brand activations have included Roots Canada, Frank's RedHot, Google Pixel, PrizePicks, the Boston Red Sox, the NFL and Amazon Studios/MGM.

Gaming and esports fans, particularly Gen Z and Gen Alpha audiences, who buy branded apparel and follow creators; and brand marketers seeking to reach gaming audiences through sponsorships, activations and content.

Geography

Headquartered in Boston, Massachusetts, with an additional office in Los Angeles. Activations have extended to Las Vegas (Drai's Beachclub and Nightclub) and Cancun, Mexico (Ozuna Fest).

History

XSET launched in July 2020 and drew early celebrity investment: Swae Lee became the first artist investor in October 2020, followed by Ozuna, and in February 2021 hip-hop label Quality Control invested as part of a $10 million funding round. A further $15 million round, reported as a Series A raised in 2022, included Lil Wayne's Young Money, Ezekiel Elliott and other backers; one industry account lists roughly 25 investors including LightWork Worldwide as Series A lead, Alpha Sigma, Apex Capital, Baron Davis, Mind Melt Media and six NFL athletes, with Swae Lee as seed lead. In April 2023 XSET acquired the women-led Queens Gaming Collective; in July 2023 it signed creators Kris London and CashNasty; in October 2023 Fortnite creator Clix joined as ambassador and part-owner. In June 2024 XSET acquired creative studio Illusive Media, forming XSET Studios under the XSET holding company with Illusive founder Shomi Patwary leading it. Co-founder Marco Mereu departed to launch a separate esports organization, M80, announced in December 2022.

Risks & controversies

Co-founder Marco Mereu left to found a competing esports organization, M80, announced in December 2022. Industry commentary anticipates that gaming IP and esports organizations will trade at substantial discounts compared with valuations of a few years earlier. Terms of the Illusive Media acquisition were undisclosed, and the company's seed funding amount has not been disclosed publicly.

Compiled by commissioned research from 6 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Esports teamsAug 20248 teams
Official team jersey retail priceJan 2026$70
Products listed in online storeJan 202693 products
Social media followers across channelsAug 2024130,000,000 followers

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Timeline Β· 13

launches, deals, and filings
Jun 2024
XSET acquires creative studio Illusive Media

XSET bought full-service creative studio Illusive Media, founded in 2002 by Shomi and Punom Patwary, on undisclosed terms. The studio becomes XSET Studios under the XSET holding company, led by Patwary, focused on in-game maps, digital skins, immersive worlds and content.

source β†—

Mar 2024
Apparel range launched with Kris London

source β†—

Oct 2023
Clix joins XSET as co-owner and ambassador

Fortnite player and Twitch streamer Cody 'Clix' Conrod joined XSET as a co-owner and ambassador under a multi-year deal, accompanied by a limited-edition merchandise collection and in-game activations.

source β†—

Jul 2023
Partnership with Drai's renewed

source β†—

Jul 2023
Kris London and CashNasty signed

XSET signed creators Kris London and CashNasty for exclusive collaborations, content and merchandise drops.

source β†—

Apr 2023
XSET acquires Queens Gaming Collective

XSET acquired the women-led gaming organization Queens Gaming Collective in April 2023.

source β†—

Jan 2023
Sophia the robot signed

XSET signed the humanoid robot Sophia, reported as the first humanoid signed by a gaming organization.

source β†—

Jan 2022
XSET raises $15M Series A

XSET raised $15M from investors including Lil Wayne's Young Money and Ezekiel Elliott; a later industry account describes it as a $15M Series A in 2022 with about 25 investors led by LightWork Worldwide, with proceeds to scale apparel drops, content, team and marketing.

$15M source β†—

Jan 2022
Black Xcellence program launched

source β†—

Jan 2022
Gaming cabanas with Drai's Beachclub, Las Vegas

XSET unveiled gaming cabanas in partnership with Drai's Beachclub in Las Vegas.

source β†—

Feb 2021
Quality Control invests in XSET as part of $10M round

Hip-hop record label Quality Control invested in XSET during a $10 million funding round.

$10M source β†—

Oct 2020
Swae Lee becomes first artist investor

Ozuna and Swae Lee joined XSET as investors in October 2020; Swae Lee was reported as the first artist to invest.

source β†—

Jul 2020
XSET launched by former FaZe Clan executives

XSET was launched on July 16, 2020 by Greg Selkoe, Marco Mereu, Clinton Sparks and Wil Eddins, a group of former FaZe Clan executives.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 6

primary sources listed
  • XSETxset.com Β· web

6 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does XSET do?
XSET is a Boston-based gaming, esports and lifestyle brand that fields esports teams and sells creator-collaboration apparel.
Who founded XSET?
XSET was founded by Greg Selkoe.
Who are XSET's investors?
XSET's investors include Bitkraft Esports Ventures, TBD Angels.
How much funding has XSET raised?
XSET has disclosed $15M raised across 1 of its 5 known rounds.