• Loading stock data...
Friday, November 7, 2025
    More
    Tune in Nov. 12 at 1 p.m. ET for Future of Sports: Stadium Sophistication. Register now
    Quick Hits

    StockX Raises $275 Million, Hits $2.8 Billion Valuation

    By
    Dec 16, 2020 | 07:10 pm
    UPDATED Dec 16, 2020 | 07:29 pm
    Kimberly P. Mitchell, Detroit Free Press
    Detroit-based apparel resale marketplace StockX raised $275 million in a recently closed Series E funding round led by Tiger Global Management. It’s the largest VC funding round in Michigan history. 

    The company is now valued at $2.8 billion, nearly triple the $1 billion valuation it received when it raised $110 million in June 2019. Competitor marketplace Goat Group raised $100 million in a September Series E round and was valued at $1.75 billion.

    Altimeter Capital, Sands Capital and Whale Rock Capital Management also joined in the latest round. Previous investors include Google Ventures, growth equity firm General Atlantic, Salesforce founder Marc Benioff, and rapper Eminem.

    StockX is rumored to be seeking a mid-2021 IPO. 

    The company anticipates a gross profit of $141 million on $350 million in revenue in 2020, up from the $239 million in revenue it earned last year.

    StockX is expected to handle 7 million trades this year with an average order size of $234.

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read
    exclusive
    by

    Major Track Timing CEO Worked Meets Months After Child Rape Charges
    His case flew under the radar in track for nearly a year.
    Nov 2, 2025; Paradise, Nevada, USA; Jacksonville Jaguars quarterback Trevor Lawrence (16) scores a touchdown during the second half against the Las Vegas Raiders at Allegiant Stadium.
    by

    Jaguars Choose Orlando for 2027 Home Games: Report
    EverBank Stadium in Jacksonville will be closed for renovations.
    Mar 28, 2025; Spokane, WA, USA; UCLA Bruins center Lauren Betts (51) fights for position against Ole Miss Rebels forward Christeen Iwuala (12). during the first half of a Sweet 16 NCAA Tournament basketball game at Spokane Arena. at Spokane Arena.
    by

    The WNBA Will Have a Draft Lottery Despite CBA Uncertainty
    The league can hold a lottery, but no draft yet.
    Santana Moore from Kansas City holds a belt Saturday, Feb. 1, 2025, as WWE fans crowd downtown Indianapolis ahead of the Royal Rumble at Lucas Oil Stadium.
    by

    Wrestler Says He Was ‘Hung Out to Dry’ By WWE After Injuring..
    The WWE terminated Menzies’s contract early after his social media post.

    Featured Today

    G League
    by

    Is College Basketball About to Raid the G League?
    Two G Leaguers have gone back to college. More could follow.
    Oct 11, 2025; University Park, Pennsylvania, USA; Penn State Nittany Lions head coach James Franklin stands on the field following the game against the Northwestern Wildcats at Beaver Stadium
    November 1, 2025

    College Football’s Coach Buyout Bonanza: All Your Questions Answered
    Schools owe their fired coaches millions in buyouts—and it isn’t over.
    Oct 13, 2024; Chicago, IL, USA; Susanna Sullivan of the United States of America finishes seventh in the Chicago Marathon at Grant Park
    October 31, 2025

    More Races, More Money: The New Calculus for Pro Marathoners
    More races per year mean more money—but the math isn’t simple.
    Oct 28, 2025; Los Angeles, California, USA; Los Angeles Dodgers two-way player Shohei Ohtani (17) pitches during the fifth inning against the Toronto Blue Jays during game four of the 2025 MLB World Series at Dodger Stadium.
    October 31, 2025

    Shohei Ohtani Card Market Is Surging—With No Signs of Slowing
    Cards have spiked hundreds of thousands of dollars from their initial value.

    More in Quick Hits
    patrick_mahomes
    by

    Super Bowl TV Viewership Sinks 8%
    CBS Sports’ telecast of the Tampa Bay Buccaneers’ 31-9 victory over the Kansas City Chiefs averaged 91.629 million viewers, down 8%.
    person_playing_cricket
    December 23, 2020

    Prominent Tech Execs Line Up to Back Cricket Growth In the U.S.
    More than 20 investors have now bought into American Cricket Enterprise, parent company oMajor League Cricket.
    man_riding_stationary_bike
    December 28, 2020

    Connected Fitness Company Echelon Lands $65 Million Investment
    The funding came from Goldman Sachs and North Castle Partners, who now own controlling interests in the company.
    Sponsored

    How HOKA is Reimagining the NIL Relationship
    On Location is redefining the Olympic experience by creating lasting connections beyond the Games.
    woman_holding_hockey_stick
    December 23, 2020

    NBC to Air NWHL Finals, Adds to Banner Year for Women’s Sports
    It will be the first time professional women’s hockey games are shown live on a major national cable network in the U.S.
    antetokounmpo_dribbling_basketball
    December 23, 2020

    ‘Giannis Effect’ Felt by Bucks Following Record-Breaking Extension
    Since he was drafted in 2013, the Bucks’ valuation has jumped from No. 30 in the league at $312 million to No. 19 at $1.58 billion.
    December 22, 2020

    Adam Silver Says NBA Expansion is ‘Manifest Destiny of the League’
    “It’s sort of the manifest destiny of the league that you expand at some point,” NBA Commissioner Adam Silver said Monday.
    December 22, 2020

    Adidas Partners With Jerry Lorenzo, Fear of God Brand
    Lorenzo will lead creative and business strategy for Adidas basketball globally, and launch a Fear of God athletics sub-brand.