Popshop Live Nabs $100M Series A Financing
2021-07-08
LOS ANGELES, CA, Popshop Live, a livestream shopping community, today announced it raised a Series A funding led by Benchmark and valued at $100 million.
The new financing included participation from TQ Ventures (Andrew Marks, Schuster Tanger, and Scooter Braun), Mantis VC (The Chainsmokers), Access Industries and SV Angel as well as return investors Floodgate, Abstract Ventures and Long Journey Ventures. Individual investors in the round include Sophia Amoruso, Baron Davis, Jim Lanzone, Kevin Mayer, Vivi Nevo, Michael Ovitz, Hailey Bieber and Kendall Jenner.
Popshop Live is a livestreaming shopping app at the intersection of social, e-commerce and entertainment. Founded by Dan Dan Li, Popshop Live's mission is to empower millions of sellers to become million dollar businesses. Sellers are equipped with the tools needed to tell their stories and build a dedicated customer base, while providing an engaging and entertaining shopping experience. Unlike other platforms, Popshop Live curates exciting and interactive shows that engage shoppers, creating a true community and generating sales. Popshop Live backers include Benchmark, Floodgate, Abstract Ventures, SV Angel, and TQ Ventures. For more information, visit www.popshop.live.
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