×
1 191
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - Boots Chelmsford - 15 Hours - Permanent
Permanent · Chelmsford
SHISEIDO
Field Trainer & Events Manager - Laura Mercier
Permanent · London
SHISEIDO
Bareminerals Account Manager - Boots, Croydon (26 Hours)
Permanent · Grand Londres
SHISEIDO
Bareminerals Account Manager - Boots, Kingston (18.75 Hours)
Permanent · Grand Londres
ESTÉE LAUDER
Clinique - Consultant - Boots, Brent Cross - 6 Hours - Part Time, Permanent
Permanent · London
CONFIDENTIAL
Business Head- Retail
Permanent · DUBAI
THE NORTH FACE
Credit Controller - German Speaking - The North Face
Permanent · CALVERTON
LEVI'S
Senior Product Manager, Digital Partner Selling
Permanent · London
LEVI'S
Ecommerce Project Manager
Permanent · London
LEVI'S
Ecommerce Business Analyst
Permanent · London
SHISEIDO
Brand Manager Nars
Permanent · London
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
BURBERRY
Account Executive Wholesale - Department Stores
Permanent · LONDON
ESTÉE LAUDER
Adf, Labseries, Glamglow, Smashbox - Senior National Account Manager
Permanent · London
NEW BALANCE
Emea Direct to Consumer Category Merchandising Manager, Apparel & Accessories
Permanent · Warrington
TIMBERLAND
HR Partner, Retail
Permanent · LONDON
NEW BALANCE
Emea Logistics Manager
Permanent · Warrington
ESTÉE LAUDER
Clinique - Consultant - Boots, Glasgow Braehead - 16 Hours - Part Time, Permanent
Permanent · Glasgow
ESTÉE LAUDER
Clinique - Consultant - Boots, Livingston - 15 Hours - Part-Time - Permanent
Permanent · Livingston
NAPAPIJRI
Credit Controller - Napapijri - 12 Month Ftc
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Edinburgh - 12 Hours - Part-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Boots-Birstall, Leeds - 7.5 Hours - Part Time, Permanent
Permanent · Leeds
Advertisements
Published
Jun 25, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Goat Group reaches $3.7 billion valuation following new funding round

Published
Jun 25, 2021

LA-based digital-first fashion marketplace Goat Group has announced that it has closed a $195 million Series F funding round, more than doubling its valuation from $1.8 billion to $3.7 billion as the company sets its sights on further international expansion.


Goat has more than doubled its valuation with its latest round of funding - Instagram: @goat

 
According to Goat, it will use the proceeds from its latest financing round to further invest in the growth of its sneaker business, as well as in that of its fast-growing apparel and accessories verticals. The company is also planning to increase its global footprint – currently made up of 13 facilities – by adding new locations in Chicago, Japan and Singapore, and will be making “significant investments” in its technological capabilities.
 
The funding round was led by Park West Asset Management, funds and accounts advised by T. Rowe Price Associates, Inc., Franklin Templeton, Adage Capital Management, and Ulysses Management.

Previous investors in Goat include Groupe Artemis, the holding company founded by Kering CEO François-Henri Pinault, which made a strategic investment in the company in January of this year. Prior to this, the company closed on a $100 million Series E funding round led by D1 Capital Partners in September 2020.
 
“We are delighted to be investing in Goat. We are excited by its distinct value proposition to
customers,” said Park West Asset Management’s portfolio manager, Tyras Bookman, in a release. “Goat’s combination of premier e-commerce and brick-and-mortar assets, which include the iconic Goat and Flight Club brands, enable it to engage its global community in unique ways and capture huge market opportunities across multiple lifestyle categories, while remaining authentic and true to its values.”
 
Founded as a sneaker marketplace in 2015, Goat has been experiencing rapid growth and achieved gross merchandise value (GMV) of $2 billion in the last 12 months. GMV in the company’s sneakers business increased 100% year over year in the period, while its apparel segment, launched in 2019, posted a 500% rise.
 
“Goat’s growth is accelerating across every channel and category,” commented Goat co-founder and CEO Eddy Lu. “Goat is creating a leading, highly differentiated luxury and lifestyle brand that is uniquely positioned at the intersection of the primary and resale markets, enabling us to increase our share of a large and expanding total addresssable market in our core sneakers business and newer verticals.”
 
The group’s platform currently boasts 30 million members and 600,000 sellers.

Copyright © 2021 FashionNetwork.com All rights reserved.