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StockX Secures $275M in Series E

DETROIT, MI, StockX has raised $275 million in a Series E funding round that values the E-Commerce platform at $2.8 billion post-money.
StockX today announced it has raised $275 million in a Series E funding round that values the fast-growing platform at $2.8 billion post-money. The new investment will be used to accelerate global expansion, product innovation and category diversification for the e-commerce marketplace. In the third quarter, StockX not only achieved break-even, but also surpassed $3 billion in lifetime gross merchandise value (GMV). During 2020, StockX's year-over-year revenue growth has accelerated, reaching over 75% in Q3 on over $100 million in quarterly GAAP revenue.

Led by Tiger Global Management, LLC with new participation from Altimeter Capital, Sands Capital, and Whale Rock Capital Management, the raise marks the largest VC funding round in Michigan history and brings the total funds raised to $490 million. The new investors bring to the table deep experience in the technology, consumer and e-commerce sectors, having invested in leading platforms including Amazon, Netflix, Salesforce, Shopify, Spotify and Uber. They join the likes of Battery Ventures, DST Global, Detroit Venture Partners, Galaxy Interactive, GGV Capital, GV, General Atlantic, and Marcy Venture Partners (co-founded by Shawn "Jay-Z" Carter) as investors in the e-commerce platform.

StockX is the world's first online consumer 'stock market of things' for high-demand, limited edition products. Participants buy and sell authenticated products in a live marketplace where they anonymously trade with stock market-like visibility. The StockX exchange offers buyers and sellers historical price and volume metrics, real-time bids and offers (asks), time-stamped trades, individualized portfolio tracking and metrics, as well as in-depth market analysis and news.
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