.png)
.png)
Total amount raised
$692M
Latest funding date
2021-04-08
Location
StockX has successfully raised funding over 9 rounds, with the latest round being a Secondary Market round. The platform is backed by 32 investors, including notable names like Dragoneer Investment Group and Altimeter Capital.
Keep reading to explore the intricacies of StockX's fundraising journey and the investors backing this innovative platform.
StockX has raised funding across multiple rounds backed by prominent investors including Tiger Global Management, Altimeter Capital, Dragoneer Investment Group, DST Global, and General Atlantic.
Keep reading to explore StockX's full fundraising journey, key investors, and what's next for the platform.
What Is StockX?
StockX is a Detroit-based online marketplace and resale platform founded in 2015, best known for buying and selling sneakers, streetwear, electronics, and collectibles. Operating like a live stock market, StockX uses a bid/ask model to determine real-time market prices, providing transparency and authenticity guarantees for both buyers and sellers.
How Much Funding Has StockX Raised?
- Seed Round
- Amount Raised: USD 2,000,000
- Date: September 2015
- Lead Investors: Undisclosed (early backing from Dan Gilbert)
- Notes: Early seed capital to launch the platform.
- Series A
- Amount Raised: USD 6,000,000
- Date: February 15, 2017
- Lead Investors: SV Angel, Detroit Venture Partners, Courtside Ventures
- Participants: Mark Wahlberg, Eminem, Ted Leonsis, Steve Case, Paul Rosenberg, Tim Armstrong, Scooter Braun, Ron Conway, Jon Buscemi, Wale, DJ Skee, Joe Haden
- Series B
- Amount Raised: USD 44,000,000
- Date: September 13, 2018
- Lead Investors: GV (formerly Google Ventures), Battery Ventures
- Participants: Steve Aoki, Marc Benioff, Karlie Kloss, Don C, A.Capital Ventures, Mark Wahlberg, Scooter Braun, Ted Leonsis, Ron Conway, Detroit Venture Partners
- Series C
- Amount Raised: USD 110,000,000
- Date: June 26, 2019
- Lead Investors: DST Global, General Atlantic, GGV Capital
- Participants: GV (formerly Google Ventures), Battery Ventures
- Notes: This round valued StockX at over $1 billion, making it a unicorn.
- Series D
- Amount Raised: Undisclosed
- Date: June 2020
- Lead Investors: Undisclosed
- Series E
- Amount Raised: USD 275,000,000
- Date: December 16, 2020
- Lead Investors: Tiger Global Management
- Participants: Altimeter Capital, Sands Capital, Whale Rock Capital Management, Battery Ventures, DST Global, Detroit Venture Partners, Galaxy Interactive, GGV Capital, GV, General Atlantic, Marcy Venture Partners
- Notes: Valued StockX at $2.8 billion; largest VC round in Michigan history at the time.
- Series E-1
- Amount Raised: USD 60,000,000
- Date: April 8, 2021
- Lead Investors: Altimeter Capital
- Participants: Dragoneer Investment Group
- Notes: Primary share issuance alongside the secondary tender offering.
- Secondary Market (Tender Offer)
- Amount Raised: USD 195,000,000
- Date: April 8, 2021
- Lead Investors: Altimeter Capital, Dragoneer Investment Group
- Notes: Secondary tender offering providing liquidity to existing shareholders. Combined with the Series E-1, the total April 2021 financing reached $255 million, raising StockX's valuation to $3.8 billion.
Total Amount Raised: At least $692,000,000 based on disclosed funding (Seed: $2M, Series A: $6M, Series B: $44M, Series C: $110M, Series E: $275M, Series E-1: $60M, Secondary: $195M; Series D amount undisclosed).
Key Investors
- Tiger Global Management
- Details: Led the $275M Series E round in December 2020, the largest VC round in Michigan history. Tiger Global is a global investment firm focused on technology-driven businesses.
- Altimeter Capital
- Details: Participated in the Series E and led both the $60M Series E-1 primary raise and the $195M secondary tender offering in April 2021. Brad Gerstner, Founder and CEO of Altimeter Capital, played a key role.
- Dragoneer Investment Group
- Details: A new institutional investor that participated in the April 2021 financing, joining as part of the secondary tender offering alongside Altimeter Capital.
- DST Global
- Details: Co-led the $110M Series C round in June 2019 alongside General Atlantic and GGV Capital, helping StockX achieve unicorn status.
- General Atlantic
- Details: Co-led the Series C round and continued as a participating investor through subsequent rounds. A global growth equity firm with a strong e-commerce and marketplace portfolio.
- GV (formerly Google Ventures)
- Details: Co-led the $44M Series B in September 2018 alongside Battery Ventures, and participated in the Series C. Google's venture arm backed StockX early in its growth phase.
- Battery Ventures
- Details: Co-led the Series B and participated in the Series C, supporting StockX's international expansion and platform development.
What's Next for StockX?
StockX has been widely speculated as a potential IPO candidate following its $3.8 billion valuation in April 2021. The company continues to expand its product categories beyond sneakers into electronics, collectibles, and trading cards. With a strong investor base and a scalable marketplace model, StockX is focused on international growth, improving authentication technology, and deepening its position as the leading resale marketplace globally.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data like StockX's funding history. Sign up for free today to find, enrich, and connect with the right prospects using real-time funding signals.
