Total amount raised
$76.5 Millions
Latest funding date
09/01/2021
Location
Grailed has successfully raised funds through multiple rounds, with its most recent being a Series B that closed on September 16, 2021. The platform, known for its high-end and designer fashion marketplace, has attracted six investors, including Thrive Capital and Groupe Artémis.
Acquired by Goat Group on October 17, 2022, Grailed continues to operate actively, offering a wide range of menswear and womenswear categories. Keep reading to explore the intricacies of Grailed's fundraising journey and the investors backing this innovative platform.
What Is Grailed?
Grailed, founded in 2013, is a curated e-commerce marketplace for men’s clothing. The company is headquartered in New York, New York, and was founded by Arun Gupta, Jake Metzger, and Julian Connor. It operates actively with a Series B funding status and was acquired by Goat Group.
Specializing in high-end fashion, Grailed offers a wide range of products, including menswear, womenswear, curated collections, and accessories. The company employs between 101-250 people and aims to provide an interactive platform for fashion enthusiasts to buy and sell unique pieces.
How Much Funding Has Grailed Raised?
- Seed Round
- Amount Raised: $1.5M
- 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
- Amount Raised: $15M
- 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.
- Series B
- Amount Raised: $60M
- Date: September 2021
- Lead Investors: Goat Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and market expansion.
Total Amount Raised: $76.5M. 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 on October 17, 2022.
- Investment Focus Areas: Sneakers, apparel, accessories.
- Notable Investments: Not publicly disclosed.
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology-enabled companies. Danny Rimer, General Partner at Index Ventures, joined Grailed's board of directors.
- 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 participated in Grailed's Series A funding round.
- Investment Focus Areas: Internet, software.
- Notable Investments: Instagram, Stripe, Warby Parker.
- Simon Ventures
- Details: Simon Ventures is the venture capital arm of Simon Property Group, focusing on investments in retail and technology. They participated in Grailed's Series A funding round.
- Investment Focus Areas: Retail, technology.
- Notable Investments: Not publicly disclosed.
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 marketplace. The successful Series A funding round, led by prominent investors, underscores the potential for future fundraising to support these ambitious goals.
However, challenges such as maintaining a high-quality customer experience and scaling product supply to meet increasing demand remain. As Grailed navigates these hurdles, the involvement of experienced investors and a strong community-driven model will be crucial in steering the company towards sustained success.
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