XSET
10 known investors
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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

Investors Β· 10
Also in the syndicate Β· 8
Funding
SEC filings, press & company announcements$15M disclosed across 1 of 5 rounds Β· 2020β2022
- $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 2026XSET (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 ($55β$60), tees ($30β$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 $55β$60, tees $30β$40, shorts $40, accessories $12β$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.
βΈFull 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 reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 13
launches, deals, and filingsXSET 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.
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.
XSET signed creators Kris London and CashNasty for exclusive collaborations, content and merchandise drops.
XSET acquired the women-led gaming organization Queens Gaming Collective in April 2023.
XSET signed the humanoid robot Sophia, reported as the first humanoid signed by a gaming organization.
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
XSET unveiled gaming cabanas in partnership with Drai's Beachclub in Las Vegas.
Hip-hop record label Quality Control invested in XSET during a $10 million funding round.
$10M source β
Ozuna and Swae Lee joined XSET as investors in October 2020; Swae Lee was reported as the first artist to invest.
XSET was launched on July 16, 2020 by Greg Selkoe, Marco Mereu, Clinton Sparks and Wil Eddins, a group of former FaZe Clan executives.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
βΈResearch 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.
