LOS ANGELES, CA, NTWRK, North America's leading livestream shopping platform, has raised $50 million.
The round was led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), and global luxury group Kering, including participation from LionTree Partners and Tenere Capital. They join previous investors Main Street Advisors (whose investors include Jimmy Iovine, Drake, LeBron James), Live Nation, Foot Locker and others to further accelerate NTWRK's growth, market share and global footprint.
Named one of Fast Company's Most Innovative Companies and Ad Age's Hottest Brands, NTWRK is the premier North American livestream shopping platform where "entertainment meets e-commerce" (Forbes). Built on a digitally-innovative model of daily product drops, livestream shopping festivals and exclusive partnerships with world-renowned brands and creators, NTWRK has fostered an organic global community of artists and fans since its launch in 2018, providing a curated digital shopping experience for Gen-Z and Millennial consumers.
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