Total amount raised
$76.5 Million
Latest funding date
09/01/2021
Location
Grailed has successfully raised funding over three rounds, with the latest being a Series B round. The platform is backed by six investors, including Thrive Capital and Groupe Artémis.
Keep reading to explore the intricacies of Grailed's fundraising journey and the investors backing this innovative platform.
What Is Grailed?
Grailed is a peer-to-peer marketplace that specializes in fashion and lifestyle accessories for men. The company operates in the apparel, e-commerce, fashion, and retail industries.
Founded in New York, New York, Grailed has an employee count ranging from 101 to 250. The platform has been acquired by Goat Group and continues to function as a private entity.
How Much Funding Has Grailed Raised?
- Seed Round
- Amount Raised: USD 1,500,000
- Date: May 2014
- Lead Investors: Thrive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the platform and begin scaling operations.
- Series A Round
- Amount Raised: USD 15,000,000
- Date: June 2018
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance customer experience, expand marketing efforts, and accelerate product supply across Grailed and its sister property, Heroine.
- Series B Round
- Amount Raised: USD 60,000,000
- Date: September 2021
- Lead Investors: Goat Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market reach and enhance product offerings.
Total Amount Raised: USD 76,500,000. Current Valuation: Not publicly disclosed.
Key Investors
- Goat Group
- Details: Goat Group is a leading marketplace for authentic sneakers, apparel, and accessories. They acquired Grailed to expand their reach in the fashion and lifestyle sector.
- Investment Focus Areas: Fashion, lifestyle marketplaces.
- Notable Investments: Grailed.
- Index Ventures
- Details: Index Ventures is a global venture capital firm with offices in San Francisco and London. They invest in technology-enabled companies across various sectors.
- Investment Focus Areas: Technology-enabled companies, fashion, luxury, retail.
- Notable Investments: Dropbox, Slack, Etsy.
- Thrive Capital
- Details: Thrive Capital is a venture capital firm that focuses on building and investing in internet and software companies. They have been a significant investor in Grailed since its early stages.
- Investment Focus Areas: Internet, software, consumer technology.
- Notable Investments: Instagram, Stripe, Warby Parker.
- Simon Ventures
- Details: Simon Ventures is the venture capital arm of Simon Property Group, focusing on investments that enhance the retail experience. They participated in Grailed's Series A round.
- Investment Focus Areas: Retail, technology.
- Notable Investments: Not specified.
What's Next for Grailed?
Grailed stands at the cusp of significant growth opportunities. With plans to enhance customer experience, expand marketing efforts, and deepen product supply, the platform is poised to capture a larger share of the fashion resale market. The increasing demand for curated and community-driven marketplaces further amplifies these opportunities.
Future fundraising seems promising, given the successful Series A round and the involvement of prominent investors. This financial backing could pave the way for additional funding rounds, enabling Grailed to scale its operations and expand its market presence. However, challenges such as maintaining customer experience and competing with other fashion resale platforms remain.
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