Funding round
Goat Group Growth
Reported as "Growth Equity"
Goat Group, which works in sneakers, apparel, and accessories retail in Los Angeles, raised $100M in a Growth round announced on 7 Feb 2019, led by Foot Locker, Inc., at a $550M post-money valuation. 1 firm took part, 1 of them already investors. It is Goat Group's fourth venture round on record; the one before was a Series C in Feb 2018.
$100M
Amount raised
$550M
Post-money valuation
1
Investors
1 lead
18%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Goat Group at $550M after the new money. The $100M bought investors about 18% of the company. It came 12 months after Goat Group's Series C. It is 21% of the $482M Goat Group has raised in the venture rounds on record. Goat Group raised again 19 months later: a Series E round of $100M in Sep 2020, at $1.75B post-money.
Goat Group's funding rounds
Goat Group has 6 venture rounds on record. This one is highlighted.
- Seed 6 May 2011 $1.6M
- Series B 7 Feb 2017, led by Accel $25M
- Series C 8 Feb 2018, led by Index Ventures $60M
- Growth this round 7 Feb 2019, led by Foot Locker, Inc. $100M$550M post-money
- Series E 23 Sep 2020, led by D1 Capital Partners $100M$1.75B post-money
- Series F 24 Jun 2021, led by Park West Asset Management $195M$3.70B post-money
Investors
Who put money in
Foot Locker, Inc. led the round. Foot Locker, Inc. had backed Goat Group before.
Lead investor
- Foot Locker, Inc. existing investor
Joined the board: Scott Martin (Foot Locker, Inc.).
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Guazi Used Car Automobile Dealers & Manufacturers | 28 Feb 2019 | $1.50B | $9.00B | SoftBank Vision Fund |
| Codemasters Video Games - Development & Publishing | 21 Feb 2019 | $1.23B | not disclosed | not named |
| Flexport Trucking and Logistics | 21 Feb 2019 | $1.00B | $3.20B | SoftBank Vision Fund |
| Nuro Tech Companies | 11 Feb 2019 | $940M | $2.70B | SoftBank Vision Fund |
| Psychologists & Counseling Services | 6 Feb 2019 | $300M | not disclosed | TPG |
| Tech Companies | 11 Feb 2019 | $200M | not disclosed | K1 Investment Management |
| Real Estate Rental | 11 Feb 2019 | $200M | not disclosed | not named |
| Resorts | 21 Feb 2019 | $183M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Goat Group raise in its Growth round?
Goat Group raised $100M in its Growth round, announced in Feb 2019.
Who led Goat Group's Growth round?
Foot Locker, Inc. led it.
What was Goat Group's valuation at the Growth round?
$550M post-money.
Did Goat Group raise again after this round?
Yes: a Series E round in Sep 2020 of $100M at $1.75B post-money.