COMPANY INFO
StockX, officially known as StockX, Inc., is a private e-commerce company founded in March 2015 by Dan Gilbert, Josh Luber, Greg Schwartz, and Chris Kaufman. It has around 1,200 employees as of 2021 and operates a global online marketplace primarily for sneakers, streetwear, electronics, and collectibles, emphasizing product authentication. The company's website is stockx.com, and it is headquartered in Detroit, Michigan. StockX functions like a stock market for high-demand consumer goods, providing buyers and sellers with transparent market data to transact based on true market value.
StockX, officially known as StockX, Inc., is a private e-commerce company founded in 2015 by Dan Gilbert, Josh Luber, Greg Schwartz, and Chris Kaufman. Specializing in the online resale of sneakers, streetwear, electronics, and collectibles, StockX is renowned for its product authentication process and its data-driven marketplace model, operating much like a stock market for high-demand consumer goods. Headquartered in Detroit, Michigan, and employing around 1,200 people as of 2021, StockX delivers a transparent platform that enables buyers and sellers to transact based on true market value.
StockX funding has fueled its rapid growth since its inception, raising a total of $495 million across several funding rounds. The company’s funding strategy showcases a balanced blend of early celebrity investors and prominent venture capital firms, supporting key milestones such as international expansion, technology enhancements, and further market penetration. StockX funding rounds have been instrumental in broadening its product diversification and reinforcing its position as a global leader in authenticated resale marketplaces. Besides multiple rounds of primary financing, StockX investors have also participated in secondary market offerings to provide liquidity for early backers and employees.
This round of primary share funding was aimed at supporting StockX's long-term growth initiatives and further enhancing the user experience across its marketplace. The raise elevated the company’s valuation to $3.8 billion.
A secondary market tender offering provided liquidity to early StockX investors and employees, facilitating continued organizational stability amid rapid growth. This was also marked at a $3.8 billion valuation.
Series E funding was secured to capitalize on accelerated growth opportunities and to expand StockX’s market presence globally. This round valued StockX at $2.8 billion and marked a significant milestone in its financial journey.
This round supported StockX’s international expansion efforts and product diversification, ensuring the marketplace kept pace with global demand for authenticated goods.
Raised to scale operations and upgrade technology infrastructure, this injection was critical for handling increasing transaction volumes and marketplace data demands.
Early investment designed to expand the platform’s capabilities and amplify StockX’s reach in the targeted verticals of sneakers and streetwear.
Seed investment provided primarily by Eminem, supporting platform launch and early-stage growth.
A leading global investment firm, Tiger Global Management played a significant role in StockX’s Series E, helping the company accelerate growth and cement its position as a leader in authenticated marketplaces.
Altimeter has backed StockX in multiple rounds, including leading the Series E-1 and participating in secondary offerings, supporting the company’s drive toward market expansion and enhanced user experiences.
Participated in the secondary tender offering, enabling StockX to provide liquidity opportunities for early shareholders and supporting continued organizational momentum.
As a key StockX investor in the Series E round, Sands Capital contributed to funding global expansion initiatives and advancing operational excellence.
A major partner in the Series E round, Whale Rock Capital Management helped fuel StockX’s scaling efforts in the competitive e-commerce space.
DST invested in Series C, providing critical capital for international growth and new market penetration for StockX.
Joined the Series C round, supporting StockX’s product and regional expansion strategies within the broader global resale economy.
Participated in the Series C funding, backing technology improvements and international scaling.
An early investor, Google Ventures took part in both Series B and Series C, fueling tech innovation and infrastructure improvements at StockX.
Invested in both Series B and C, providing vital funds for operational expansion and technological advancements.
These early-stage venture capital firms were instrumental in StockX's Series A, supporting initial platform development and user acquisition.
Renowned artist and Detroit native, Eminem was an initial angel investor, providing crucial early-stage capital and publicity.
These celebrity and industry investors participated in the Series A round, helping establish StockX’s brand and credibility in the increasingly popular resale market.
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