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Famed sneaker resell platform GOAT has now joined the billion-dollar club, sources report. According to news outlets, GOAT has managed to raise $100 million USD for expansion plans, while hitting an …
Famed sneaker resell platform GOAT has now joined the billion-dollar club, sources report.
According to news outlets, GOAT has managed to raise $100 million USD for expansion plans, while hitting an all-time valuation high of $1.75 billion USD. The platform managed to raise the funds in Series E funding from D1 Capital Partners on Wednesday. GOAT was previously valued at $550 million.
Los Angeles-based GOAT was founded in 2015, and currently serves 30 million members and 600,000 sellers across its platform. StockX, another leading resale platform, hit a $1 billion valuation in June of 2019.
“Our mission is to bring the world’s greatest products together from the past, present and future, while providing a premier end-to-end customer experience with a point of view on culture and style,” GOAT co-founder and CEO Eddy Lu said in the release. “We will utilize this new round of funding to capture the significant market opportunities in sneakers, apparel, and additional categories through technological innovation and by building even greater scale across our verticals.”
A Cowen & Co. analysis from July said the sneaker resale industry was worth $2 billion in North America and could reach $30 billion globally by 2030.
Famed sneaker selling platform GOAT has tapped actor Michael B. Jordan for a charity-focused customer sneaker raffle. All proceeds from the event will go towards GirlTrek, the US’s largest public health …
Famed sneaker selling platform GOAT has tapped actor Michael B. Jordan for a charity-focused customer sneaker raffle. All proceeds from the event will go towards GirlTrek, the US’s largest public health nonprofit for African-American women and girls.
The raffle will feature five custom Jordan Brand silhouettes created by the Shoe Surgeon, with each one representing one of Jordan’s all-time favorite movies: Coming to America, Casino, The Last Dragon, The Nightmare Before Christmas, and The Sandlot. Each sneaker provides clear nods to the aforementioned films.
The Air Jordan 4 for Coming to America features a mix of animal prints, regal tones, and stars-and-stripes branding, while the Air Jordan 1 for Casino boasts pink leather and green overlays inspired by gambling tables. The Last Dragon‘s Air Force 1 gets dressed as the signature black and yellow jumpsuit as seen in the film, while The Nightmare Before Christmas is represented by an Air Trainer Max ‘91. Lastly, the Chuck 70 Hi for The Sandlot sees torn denim accents and a baseball print.
“I’ve loved sneakers since I was a kid and there are so many people in the sneaker community that inspire me” shared Michael B. Jordan in an official press release. “Coming up at a time where I couldn’t afford all these kicks, I would use my imagination to think about what my sneaker would look like if I had a chance to build it. Knowing that designing a pair of kicks has always been something I wanted to do, my best friend Sterling Brim introduced me to the Shoe Surgeon who provided me with an opportunity to combine my passion for sneakers and film and design some incredible sneakers inspired by some of my favorite movies. I’m excited to partner with GOAT to showcase my custom kicks to a community that loves sneakers as much as I do. More importantly, I’m excited to help bring awareness to the health movement amongst African-American women, a cause that’s close to me and my family.”
Raffle tickets for all five shoes can be purchased now via the GOAT webstore and GOAT app. The raffle will run until 11:59 PM P.T. on September 27, and winners will be announced on September 28.
Michael B. Jordan x GOAT Customs for Charity
Air Jordan 4 “Coming to America”Air Jordan 1 “Casino”Air Force 1 “The Last Dragon”Air Trainer Max ‘91 “The Nightmare Before Christmas”Chuck 70 Hi “The Sandlot”
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