Funding round
Goat Group Series B
Goat Group, which works in sneakers, apparel, and accessories retail in Los Angeles, raised $25M in a Series B round announced on 7 Feb 2017, led by Accel. 4 firms took part. It is Goat Group's second venture round on record; the one before was a Seed in May 2011.
$25M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Goat Group did not disclose a valuation in this round. It came 69 months after Goat Group's Seed. It is 5.2% of the $482M Goat Group has raised in the venture rounds on record. Goat Group raised again 12 months later: a Series C round of $60M in Feb 2018. Its next priced round, a Growth in Feb 2019, valued it at $550M.
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 this round 7 Feb 2017, led by Accel $25M
- Series C 8 Feb 2018, led by Index Ventures $60M
- Growth 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
Accel led the round with 3 other firms.
Lead investor
- Accel backs 581 venture-backed companies new investor
Also in the round
- Matrix Partners new investor
- backs 88 venture-backed companies new investor
- backs 45 venture-backed companies new investor
Joined the board: Ryan Sweeney (Accel).
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: 1 in Shoes & Other Footwear Stores, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Shoes & Other Footwear Stores | 5 May 2017 | $10M | not disclosed | JH Partners |
| Tala Loans & Financing | 22 Feb 2017 | $30M | not disclosed | Institutional Venture Partners |
| Tech Companies | 13 Feb 2017 | $25M | not disclosed | World Innovation Lab |
| Florists | 7 Feb 2017 | $23M | not disclosed | Fortino Capital |
| Creditas Loans & Financing | 1 Feb 2017 | $19M | not disclosed | International Finance Corporation |
| Biotechnology | 22 Feb 2017 | $18M | not disclosed | not named |
| Tech Companies | 22 Feb 2017 | $18M | not disclosed | Northgate |
| Tech Companies | 17 Feb 2017 | $16M | not disclosed | Accel |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Goat Group raise in its Series B round?
Goat Group raised $25M in its Series B round, announced in Feb 2017.
Who led Goat Group's Series B round?
Accel led it, with Matrix Partners, Upfront Ventures and Webb Investment Network.
What was Goat Group's valuation at the Series B round?
It was not disclosed.
Did Goat Group raise again after this round?
Yes: a Series C round in Feb 2018 of $60M.