Detroit, Michigan, United States
Dan Gilbert, Josh Luber, Greg Schwartz, and Chris Kaufman
WHAT IS STOCKX?
Dubbed the world’s first “Stock Market of Things,” StockX has quickly become streetwear’s favorite online marketplace for the buying and selling of streetwear, trading cards, collectibles, designer handbags, clothing, and everything in between. Brands like Adidas, Yeezy, Jordan, Supreme, Teflar, Nvidia, and BAPE are longstanding staples of the marketplace.
HOW DOES STOCKX WORK?
In the StockX ecosystem, you are either a buyer or seller. As a live marketplace, the retailer operates similarly to the stock market — the current market demand determines the price of the products featured on the site. StockX does not determine the price. Shoppers are able to bid and buy items at real-time prices. As an individual or business, you can sell products on StockX.
CAN YOU TRUST STOCKX?
Products are bought and sold all over the world. Every item sold goes through our proprietary multi-step verification process with our team of expert authenticators.
StockX launches on February 8th, becoming the world’s first “Stock Market of Things.” In its first year, StockX secures a handful of big-name partnerships, including the likes of Jay Z and Roc-A-Fella Records.
StockX launches its first “StockX Day” and expands its operations out West to Temple, Arizona. The online marketplace starts offering streetwear.
StockX launched Series B Funding and took its first step onto the global stage, opening up an office and authentication center in London.
Founder Josh Luber explains how he made sneaker authenticating a real career path.
Thanks to $110 million in funding from investment firms DST Global, General Atlantic, and GGV Capital, StockX is now valued at over $1 billion, surpassing a $1 billion annual GMV run rate in less than three years.
In another reminder of how insanely big the sneaker resale market has become, StockX has announced the appointment of its first-ever Chief Financial Officer. John Kaelle comes to the company after serving as the CFO of both Mesophere and Marin Software.
StockX announced that it’s opening its first permanent physical store later this year. The brick-and-mortar StockX location will be in New York at 237 Lafayette Street and follows a series of “drop-off” pop-up locations in New York, Los Angeles, and London.
StockX announces Series E funding round that has raised $275 million, valuing the resale platform at an astounding $2.8 billion. The total funds raised now amount to $490 million.
StockX remains open during COVID-19 because the resell market is still strong.
Josh Luber leaves StockX. The former CEO posted a thank you message on Instagram moments before Business of Fashion confirmed the news.
Collectibles and rare electronics have become a staple in the StockX marketplace. Amid its massive rise in popularity, Chrome Hearts resale is booming on StockX.