Funding round
Goat Group Series E
Goat Group, which works in sneakers, apparel, and accessories retail in Los Angeles, raised $100M in a Series E round announced on 23 Sep 2020, led by D1 Capital Partners, at a $1.75B post-money valuation. 2 firms took part. It is Goat Group's fifth venture round on record; the one before was a Growth in Feb 2019.
$100M
Amount raised
$1.75B
Post-money valuation
$1.65B pre-money
2
Investors
1 lead
3.2x
Step-up from the Growth
$550M in Feb 2019
5.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Goat Group at $1.75B after the new money, 3.2 times the $550M of its Growth (Feb 2019). The $100M bought investors about 5.7% of the company. It came 19 months after Goat Group's Growth. It is 21% of the $482M Goat Group has raised in the venture rounds on record. Goat Group raised again 9 months later: a Series F round of $195M in Jun 2021, at $3.70B 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 7 Feb 2019, led by Foot Locker, Inc. $100M$550M post-money
- Series E this round 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
D1 Capital Partners led the round with 1 other firm.
Lead investor
- D1 Capital Partners new investor
Also in the round
- Foot Locker new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Health Care Services | 22 Sep 2020 | $500M | not disclosed | Tiger Global and T. Rowe Price Associates |
| Salsify Tech Companies | 23 Sep 2020 | $155M | not disclosed | Warburg Pincus |
| Patreon Tech Companies | 1 Sep 2020 | $90M | $1.20B | New Enterprise Associates and Wellington Management |
| Tech Companies | 4 Sep 2020 | $82M | not disclosed | HSG |
| ShareChat Tech Companies | 24 Sep 2020 | $40M | not disclosed | not named |
| Medical Supply Manufacturers | 2 Sep 2020 | $29M | not disclosed | Yonghua and Corporate Strategic Investor |
| Tech Companies | 28 Oct 2020 | $340M | $3.30B | NewView Capital and Wellington Management |
| Arctic Wolf Tech Companies | 22 Oct 2020 | $200M | $1.30B | Viking Global |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Goat Group raise in its Series E round?
Goat Group raised $100M in its Series E round, announced in Sep 2020.
Who led Goat Group's Series E round?
D1 Capital Partners led it, with Foot Locker.
What was Goat Group's valuation at the Series E round?
$1.75B post-money ($1.65B pre-money).
Did Goat Group raise again after this round?
Yes: a Series F round in Jun 2021 of $195M at $3.70B post-money.