Gem Global Yield, a direct lending fund managed by Global Emerging Markets, led a $200m funding round in LootMogul, a sports Metaverse company. "LootMogul is super excited about this investment commitment from GEM as it empowers athletes, fans and brands to provide an immersive engagement and tools to bridge experiences between web 3 metaverses and real world," Raj Rajkotia, LootMogul CEO.