Funding round
StockX Series C
StockX, which works in luxury goods marketplace services in United States, raised $110M in a Series C round announced on 26 Jun 2019, led by DST Global, General Atlantic and GGV Capital, at a $1.00B post-money valuation. 5 firms took part, 2 of them already investors. It is StockX's second venture round on record; the one before was a Series B in Sep 2018.
$110M
Amount raised
$1.00B
Post-money valuation
5
Investors
3 leads
11%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced StockX at $1.00B after the new money. The $110M bought investors about 11% of the company. It came 9 months after StockX's Series B. It is 26% of the $429M StockX has raised in the venture rounds on record. StockX raised again 18 months later: a Series E round of $275M in Dec 2020, at $2.80B 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
DST Global, General Atlantic and GGV Capital led the round with 2 other firms. GV and Battery Ventures had backed StockX before.
Lead investors
- DST Global backs 179 venture-backed companies new investor
- General Atlantic backs 134 venture-backed companies new investor
- GGV Capital new investor
Also in the round
- GV backs 428 venture-backed companies existing investor
- Battery Ventures backs 215 venture-backed companies existing investor
Joined the board: Scott Cutler (StockX) and Hans Tung (GGV Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
6 Series C rounds in Clothing Stores within a year either side disclosed an amount; the median was $28M, and this round was 4.0 times the median. The closest in time, other companies' Series C rounds in Clothing Stores:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clothing Stores | 7 Jun 2019 | $62M | not disclosed | General Atlantic |
| Clothing Stores | 13 Sep 2019 | $52M | not disclosed | not named |
| Clothing Stores | 5 Feb 2019 | $30M | not disclosed | H.I.G. Growth Partners |
| Clothing Stores | 7 Feb 2019 | $25M | not disclosed | Novator |
| Clothing Stores | 28 Oct 2019 | $21M | $142M | Qiming Venture Partners |
| Clothing Stores | 25 Feb 2020 | $20M | not disclosed | ABS Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did StockX raise in its Series C round?
StockX raised $110M in its Series C round, announced in Jun 2019.
Who led StockX's Series C round?
DST Global, General Atlantic and GGV Capital led it, with GV and Battery Ventures.
What was StockX's valuation at the Series C round?
$1.00B post-money.
How does it compare with other Series C rounds in Clothing Stores?
6 Series C rounds in Clothing Stores within a year either side disclosed an amount; the median was $28M, and this round was 4.0 times the median.
Did StockX raise again after this round?
Yes: a Series E round in Dec 2020 of $275M at $2.80B post-money.