Funding round
StockX Series B
StockX, which works in luxury goods marketplace services in United States, raised $44M in a Series B round announced on 13 Sep 2018, led by GV and Battery Ventures. 8 firms took part, with 12 individual investors. It is StockX's first venture round on record.
$44M
Amount raised
Not disclosed
Post-money valuation
8
Investors
2 leads
Valuation
What this round says about the price
StockX did not disclose a valuation in this round. It is StockX's first venture round on record, 2 years after it was founded in 2016. It is 10% of the $429M StockX has raised in the venture rounds on record. StockX raised again 9 months later: a Series C round of $110M in Jun 2019, at $1.00B post-money.
StockX's funding rounds
StockX has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
GV and Battery Ventures led the round with 6 other firms.
Lead investors
- GV backs 428 venture-backed companies new investor
- Battery Ventures backs 215 venture-backed companies new investor
Also in the round
- Annox Capital new investor
- Third Kind Venture Capital new investor
- backs 46 venture-backed companies new investor
- backs 32 venture-backed companies new investor
- backs 34 venture-backed companies new investor
- SV Angel backs 293 venture-backed companies new investor
Individual investors: Steve Aoki, Karlie Kloss, Don C, Marc Benioff, Bob Mylod, Shana Fisher, Jonathon Triest, Eminem, Mark Wahlberg, Ted Leonsis, Tim Armstrong and Scooter Braun.
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
8 Series B rounds in Clothing Stores within a year either side disclosed an amount; the median was $23M, and this round was 2.0 times the median. The closest in time, other companies' Series B rounds in Clothing Stores:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clothing Stores | 16 Oct 2018 | $22M | not disclosed | Balderton Capital and Beringea |
| Clothing Stores | 7 Nov 2018 | $23M | not disclosed | Essence Venture Capital and Andreessen Horowitz |
| Clothing Stores | 1 Apr 2019 | $27M | not disclosed | not named |
| Clothing Stores | 1 Feb 2018 | $13M | not disclosed | Kakaku.com |
| Clothing Stores | 15 Jan 2018 | $45M | not disclosed | Partech |
| Clothing Stores | 23 Jan 2018 | $20M | not disclosed | Octopus Ventures |
| Clothing Stores | 16 Jul 2019 | $35M | $160M | Artist Capital |
| Clothing Stores | 31 Oct 2017 | $19M | not disclosed | JD.com and Provident Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did StockX raise in its Series B round?
StockX raised $44M in its Series B round, announced in Sep 2018.
Who led StockX's Series B round?
GV and Battery Ventures led it, with Annox Capital, Third Kind Venture Capital, Ludlow Ventures, Detroit Venture Partners and Courtside Ventures and 1 more.
What was StockX's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Clothing Stores?
8 Series B rounds in Clothing Stores within a year either side disclosed an amount; the median was $23M, and this round was 2.0 times the median.
Did StockX raise again after this round?
Yes: a Series C round in Jun 2019 of $110M at $1.00B post-money.