Thursday, April 23, 2026
    More
    FOS Expands to TV More Details
    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.

    This field is for validation purposes and should be left unchanged.

    Sign up for
    The Memo Newsletter

    Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read

    Feb 8, 2026; Santa Clara, CA, USA; New England Patriots head coach Mike Vrabel walks on field before Super Bowl LX against the Seattle Seahawks at Levi's Stadium. Mandatory Credit: Mark J. Rebilas-Imagn Images
    opinion
    by

    From Denials To Damage Control: Hubris Haunts Vrabel and Russini
    New photos from 2020 show Vrabel and Russini appearing to kiss.
    Jun 5, 2024; Paris, France; A ball person puts the ball on the racket of Aryna Sabalenka during her match against Mirra Andreeva on day 11 of Roland Garros at Stade Roland Garros
    by

    WTA CEO Steps Down After Less Than Two Years
    Portia Archer leaves the Women’s Tennis Association during an unsteady time.
    by

    World Cup Fans Hit With Tech Issues in Latest Ticket Drop
    With 50 days to go, the ticket drop was full of mishaps.
    by

    New Photos of Vrabel, Russini at NYC Bar Leak Hours Before Draft
    The photos were taken at a New York City bar in 2020.

    Featured Today

    INDIANAPOLIS, INDIANA - MARCH 25: Caitlin Clark of the Indiana Fever sits on the baseline and makes photographs during the Indiana Pacers game against the Los Angeles Lakers at Gainbridge Fieldhouse on March 25, 2026 in Indianapolis, Indiana.
    by

    Why Athletes Are Moonlighting As Sports Photographers
    Athletes are swapping courtside seats for sideline cameras.
    Quinnipiac women's varsity rugby
    April 21, 2026

    The Death of Quinnipiac Women’s Varsity Rugby
    The sudden decision at Ilona Maher’s alma mater left players blindsided.
    April 17, 2026

    The Lawyer Steering the NIL Era
    In the new era of college sports, Darren Heitner is everywhere.
    blake griffin
    April 14, 2026

    Inside Blake Griffin’s Rookie Season at Prime Video
    The six-time All-Star was initially hesitant to enter the media space.

    More in Quick Hits
    patrick_mahomes
    by

    Less Than Super TV Viewership
    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

    Why Brandon Marshall Bet on Athlete-Owned Media
    Brandon Marshall on athlete media, life after football, building I AM ATHLETE.
    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.