Published On: Fri, Jun 25th, 2021

Sneaker marketplace GOAT hits $3.7B gratefulness in Series F raise

Sneaker and streetwear sovereignty GOAT only doubled a gratefulness in a large new raise.

The GOAT Group primogenitor association common currently that it has lifted $195 million in a Series F lift valuing a conform hulk during some $3.7 billion. The lift was led by a handful of sidestep supports and P/E firms including Park West Asset Management, Franklin Templeton, Adage Capital Management, Ulysses Management and supports accounts suggested by T. Rowe Price Associates.

GOAT has surgically tangible a dilemma of conform commerce outward of Amazon’s reach while flourishing a interest of travel wear and sneakers to a broader assembly of consumers. GOAT Group has now lifted only bashful of $500 million in total.

This turn some-more than doubles a $1.8 billion gratefulness GOAT Group reached in a Series E fundraise final year. Like other online marketplaces, GOAT saw vital expansion final year, expanding a assembly of buyers and sellers while saying 100% year-over-year expansion in a sneaker business and 500% year-over-year expansion for a newer attire business.

GOAT sum some 30 million “members” and 600,000 sellers opposite a platform. In a press release, a association minute a peer-to-peer marketplace has reached some $2 billion in sum sell volume.

The StockX EC-1

Sneaker enlightenment tack GOAT hits $1.75 billion gratefulness on new $100 million round

 

 

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