Funding round
Goat Group Series F
Goat Group, which works in sneakers, apparel, and accessories retail in Los Angeles, raised $195M in a Series F round announced on 24 Jun 2021, led by Park West Asset Management, at a $3.70B post-money valuation. 5 firms took part. It is Goat Group's sixth venture round on record; the one before was a Series E in Sep 2020.
$195M
Amount raised
$3.70B
Post-money valuation
$3.50B pre-money
5
Investors
1 lead
2.1x
Step-up from the Series E
$1.75B in Sep 2020
5.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Goat Group at $3.70B after the new money, 2.1 times the $1.75B of its Series E (Sep 2020). The $195M bought investors about 5.3% of the company. It came 9 months after Goat Group's Series E. It is 40% of the $482M Goat Group has raised in the venture rounds on record. No later venture round is on record for Goat Group.
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 23 Sep 2020, led by D1 Capital Partners $100M$1.75B post-money
- Series F this round 24 Jun 2021, led by Park West Asset Management $195M$3.70B post-money
Investors
Who put money in
Park West Asset Management led the round with 4 other firms.
Lead investor
- Park West Asset Management new investor
Also in the round
- Franklin Templeton Investments new investor
- Adage Capital Management new investor
- backs 5 venture-backed companies new investor
- T. Rowe Price 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 F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Neo4j Tech Companies | 17 Jun 2021 | $325M | $2.00B | Eurazeo |
| Faire General Retail & Merchandise | 10 Jun 2021 | $260M | $7.00B | Sequoia Capital |
| Illumio Tech Companies | 24 Jun 2021 | $225M | $2.75B | Thoma Bravo |
| Tech Companies | 1 Jun 2021 | $200M | $2.40B | Blue Owl Capital |
| Addepar Tech Companies | 16 Jun 2021 | $150M | $2.17B | D1 Capital Partners |
| Noom Nutritionists & Weight Loss Specialists | 25 May 2021 | $540M | not disclosed | Silver Lake |
| Rappi Groceries Delivery | 1 Jul 2021 | $500M | $5.25B | T. Rowe Price |
| Vinted Salvage Merchandise & Thrift Stores | 12 May 2021 | $303M | $5.20B | EQT |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Goat Group raise in its Series F round?
Goat Group raised $195M in its Series F round, announced in Jun 2021.
Who led Goat Group's Series F round?
Park West Asset Management led it, with Franklin Templeton Investments, Adage Capital Management, Ulysses Management and T. Rowe Price.
What was Goat Group's valuation at the Series F round?
$3.70B post-money ($3.50B pre-money).