Goat Group, a Los Angeles, CA-based platform for products from the past, present and future, closed a $195m Series F funding, reaching a valuation of $3.7 billion.
The round was led by Park West Asset Management, funds and accounts advised by T. Rowe Price Associates, Inc., Franklin Templeton, Adage Capital Management and Ulysses Management.
The company intends to use the funds to further invest in growth in its sneaker business as well as its apparel and accessories verticals, and to increase its global footprint of 13 facilities with the addition of Chicago, China, Japan and Singapore.
Led by Eddy Lu, Co-Founder and Chief Executive Officer, Goat Group is a global sneaker marketplace, and has expanded to offer apparel and accessories from select emerging, contemporary and iconic brands. The company offers styles across various time periods on its digital platforms and in its retail locations, while delivering products to over 30 million members across 170 countries.
The platform has 30 million members and 600,000 sellers.
FinSMEs
24/06/2021