Funding round
StockX Series E
StockX, which works in luxury goods marketplace services in United States, raised $275M in a Series E round announced on 16 Dec 2020, led by Tiger Global, at a $2.80B post-money valuation. 12 firms took part. It is StockX's third venture round on record; the one before was a Series C in Jun 2019.
$275M
Amount raised
$2.80B
Post-money valuation
$2.52B pre-money
12
Investors
1 lead
2.8x
Step-up from the Series C
$1.00B in Jun 2019
9.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced StockX at $2.80B after the new money, 2.8 times the $1.00B of its Series C (Jun 2019). The $275M bought investors about 9.8% of the company. It came 18 months after StockX's Series C. It is 64% of the $429M StockX has raised in the venture rounds on record. No later venture round is on record for StockX.
StockX's funding rounds
StockX has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Tiger Global led the round with 11 other firms.
Lead investor
- Tiger Global backs 391 venture-backed companies new investor
Also in the round
- Altimeter backs 67 venture-backed companies new investor
- Sands Capital backs 71 venture-backed companies new investor
- Whale Rock Capital Management new investor
- Battery Ventures backs 215 venture-backed companies new investor
- DST Global backs 179 venture-backed companies new investor
- backs 32 venture-backed companies new investor
- Galaxy backs 113 venture-backed companies new investor
- GGV Capital new investor
- GV backs 428 venture-backed companies new investor
- General Atlantic backs 134 venture-backed companies new investor
- Marcy Venture Partners 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: 1 in Clothing Stores, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clothing Stores | 15 Dec 2021 | $33M | not disclosed | Novator |
| Lalamove Shipping Couriers | 22 Dec 2020 | $515M | $8.00B | HSG and Sequoia Capital |
| Creditas Loans & Financing | 18 Dec 2020 | $255M | $1.75B | not named |
| Electronical Components Manufacturing | 29 Dec 2020 | $222M | $2.77B | Ontario Teachers’ Pension Plan |
| Tech Companies | 2 Dec 2020 | $138M | not disclosed | Insight Partners |
| Investment Consultants & Financial Advisors | 5 Dec 2020 | $120M | not disclosed | Orchid Asia |
| Tech Companies | 8 Dec 2020 | $80M | not disclosed | Insight Partners |
| Kiavi Loans & Financing | 1 Dec 2020 | $75M | $405M | Benefit Street Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did StockX raise in its Series E round?
StockX raised $275M in its Series E round, announced in Dec 2020.
Who led StockX's Series E round?
Tiger Global led it, with Altimeter, Sands Capital, Whale Rock Capital Management, Battery Ventures and DST Global and 6 more.
What was StockX's valuation at the Series E round?
$2.80B post-money ($2.52B pre-money).