• Loading stock data...
Saturday, August 2, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

StockX Raises $275 Million, Hits $2.8 Billion Valuation

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

Jan 17, 2025; Dallas, Texas, USA; A view of the shoes of Dallas Mavericks guard Kyrie Irving (11) during the second half against the Oklahoma City Thunder at the American Airlines Center.

China’s Anta Is Fastest-Growing Sneaker Brand on StockX

Nike broke off its shoe deal with Kyrie Irving in 2022.
Tampa Bay Rays

Rays Future Stadium Deal in Hands of Newly Elected Officials

Newly elected county commission members are expressing heightened skepticism of the club’s agreement.

Got $7M to Spare? A Singular Collection of Air Jordans Can Be Yours

Sotheby’s prepares historic auction of game-worn Michael Jordan shoes.
SMU has raised $100 million from donors before it forgoes media rights payments for the first nine years of its ACC tenure.

SMU Raises $100M for ACC Move as Basketball, Football Sales Surge

SMU has raised $100 million ahead of its 2024 move to the ACC.

Featured Today

Coco Gauff at New York Liberty

How the New York Liberty Became the Hottest Ticket in Town

Once banished to the burbs, the Libs are now Brooklyn’s marquee attraction.
Las Vegas sign
July 29, 2025

College Sports Embracing Vegas After Years of Cold Shoulder

The Big Ten became the latest newcomer to Sin City.
2000, Jupiter, FL, USA; FILE PHOTO; Montreal Expos pitcher Hideki Irabu in action on the mound against the New York Mets at Roger Dean Stadium during Spring Training
July 28, 2025

Dead Sports Franchises Are Alive and Well on Twitter

The Expos, Sonics, and Whalers have active social media accounts.
Limited Hype
July 27, 2025

Sneaker Reselling Was Once Easy Money. Success Is Now Complicated

Vendors need to evolve what they’re selling and how they do it.
patrick_mahomes

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

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
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.