After a year of record-high revenue, sneaker and clothing reseller StockX completed a new round of funding, boosting its valuation by 35%.

The company, founded in 2015, is now worth $3.8 billion after closing a $195 million secondary tender offering, along with $60 million in Series E-1 primary shares. StockX was last valued at $2.8 billion in December.

The all-cash offer included new investor Dragoneer Investment Group, with Altimeter Capital leading a group of current investors. Both firms previously led a $520 million round of financing for Roblox.

“The company has rapidly established itself as one of the most important online marketplaces for Gen Z and millennial consumers,” said Jared Middleman, partner at Dragoneer. 

StockX’s numbers from last year would agree. 

• Generated over $400 million in revenue 
• Closed over 7.5 million trades
• Reached $1.8 billion in gross merchandise value

The extra funding will assist in the company’s continuous growth — it added gaming consoles to its list of products last year.

“Our focus right now is on global expansion and category diversification, while continuing to grow our core business,” a StockX spokesperson told CNBC. “There are massive opportunities ahead, and our mission right now is to execute.”

StockX is expected to go public in the second half of 2021, Dow Jones reported this week.

The court battle between Apple and Epic Games is amping up. Dueling CEOs Tim Cook and Tim Sweeney may soon take the stand in federal court.

The legal fight between the tech colossus and the maker of “Fortnite,” one of the most lucrative video games in history, appears to be reaching a climax. Both sides released lengthy legal arguments on Wednesday and listed top executives as witnesses in the case.

What’s at stake? The May court hearing could have far-reaching consequences for Apple’s profit flow. If Epic is successful, others will surely copy its method for avoiding Apple’s fees.

Last August, Epic created a workaround to avoid Apple’s 30% commission fee on in-app purchases, and Apple responded by pulling “Fortnite” from its App Store. Epic sued, kicking off a legal contest that now includes parallel fights in the U.K. and against Google. 

A core question before Oakland-based district court judge Yvonne Gonzalez Rogers is whether the App Store represents a monopoly. 

“Apple does not permit any competing means for developers to distribute apps to users, and Apple requires all in-app purchases to flow through its IAP,” Epic wrote in its proposed findings of facts and conclusions. “Apple even prohibits app developers from informing iOS users that Apple’s monopoly is costing them more for each app they purchase.”

Apple argued in its legal brief that the “App Store competes in an increasingly crowded market of game app distribution platforms,” citing Google Play, Steam, and game developers like Epic.

DAZN is considering an IPO to facilitate growth. The move would make it the first global sports streaming company to go public. 

Dubbed the “Netflix of sport” and owned by billionaire Len Blavatnik, DAZN first launched in Germany and Japan in 2016 before making its debut in the United States two years later. 

“I can see us tapping the public capital markets or the private capital markets over the next few years,” co-CEO James Rushton told Reuters.

DAZN suffered as sports were put on hold during the pandemic. Previously acquired broadcasting rights went unused and users canceled the service, forcing the streamer to explore new options to stay afloat.  

But as sports return to normal, DAZN anticipates recovery. This year, the company expects to bring in more than $100 million in advertising revenue. 

Earlier this month, DAZN appointed former Disney executive and TikTok CEO Kevin Mayer as Chairman of the Board. Mayer has his sights on growing the service’s presence in Europe and Asia and has already made progress. 

In March, DAZN beat out Comcast subsidiary Sky to acquire domestic rights to broadcast Italian soccer league Serie A for the next three seasons. Its $2.95 billion bid is supported by Italy’s largest phone carrier, Telecom Italia, which backs the offer by 40% annually.

Rushton has hinted that acquiring rights to broadcast the English Premier League may be DAZN’s next goal.