StockX Now Valued at $2.8 Billion! 👟 | $275 Million Series E Raise Dec 2020

By Kirk Enbysk

StockX, a luxury goods marketplace platform, announced it has raised $275 million in a Series E funding round that values the fast-growing platform at $2.8 billion post-money. The new investment will be used to accelerate global expansion, product innovation and category diversification for the e-commerce marketplace. Alex discusses the sneaker marketplace’s monster series E $2.8 billion valuation and breaks down why he thinks the platform could be close to doing $2 billion in annual GMV. He goes on to explain why, though expensive, now might be the time for incumbent retail players to buy in.

This is an excerpt from episode 133 of Winner Take All. Watch the full episode here: youtu.be/azlnhp9ZZRg

Originally Aired: 12/22/20
#Luxury #Startups #Fundraising

StockX Raises $275 Million in Series E Funding Round: www.prnewswire.com/news-releases/stockx-raises-275-million-in-series-e-funding-round-301193907.html

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