StockX, the self-proclaimed "stock market of things," has secured $44 million in Series B funding, co-led by global technology-focused investment firms GV (formerly Google Ventures) and Battery Ventures. StockX will use the investments to expand its international reach, as well as increase user access to the marketplace.
“When we launched StockX just over two years ago, we did so with the idea that our innovative platform would revolutionize and dramatically improve the buying and selling experience of many categories of consumer products,” said Josh Luber, StockX CEO. “We are grateful to the incredible group of high-profile investors who have supported us from the beginning. Adding leading Silicon Valley venture capitalists, GV and Battery, to the investor group will not only provide the additional capital to take us through our next growth phase, but also bring the invaluable experience and knowledge of firms who have invested in so many household name tech-based success stories of the past decade or more.”
In addition to GV and Battery Ventures, other new investors include Steve Aoki, Karlie Kloss, Don C, Salesforce founder chairman and co-CEO Marc Benioff, Annox Capital founder and managing partner Bob Mylod, Shana Fisher of Third Kind Venture Capital, and Jonathon Triest of Ludlow Ventures. Detroit Venture Partners (DVP), Courtside Ventures, Eminem, Mark Wahlberg, Ted Leonsis, Tim Armstrong, Scooter Braun, and Ron Conway of SV Angel have all made investments as well.
Co-founded in 2016 by Josh Luber, StockX COO Greg Schwartz, and Dan Gilbert, founder and chairman of Quicken Loans, StockX is currently averaging more than $2 million dollars in daily transaction value.
For more on the platform, as well as to buy and sell products, follow here.
In other news, Vans is targeting $5 billion in revenue by fiscal 2023.
To stay updated on everything happening in the sneaker world, follow @Highsnobietysneakers on Instagram, check our sneaker release date calendar, and subscribe to our sneaker chatbot on Facebook to receive lightning quick updates to your inbox.
