StockX Valued 35% Higher At $3.8B In Latest Funding

By Rachit Vats3 days ago

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StockX LLC said Thursday it has raised $255 million in a funding round led by existing investor Altimeter Capital and Dragoneer Investment Group as a new investor, valuing the e-commerce startup at $3.8 billion.

What Happened: StockX raised $195 million in a secondary tender offering and an additional $60 million in Series E-1 primary shares, the company said in a statement.

“StockX has quickly become one of the largest and fastest growing consumer marketplaces - serving an accelerating global audience thirsting for authenticity and relevant products,” said Brad Gerstner, founder and CEO of Altimeter Capital, in a statement.

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