Goat Raises $60M in Series C Funding; Merges with Flight Club

Goat, a Los Angeles-based online sneaker marketplace, raised $60m in Series C funding.

The round was led by Index Ventures with participation from Accel, Ma­trix Part­ners, Up­front Ven­tures and Webb In­vest­ment Net­work.

The company is also merging with aftermarket sneaker retailer Flight Club and the funds will be used to accelerate the growth of Goat and Flight Club as a com­bined com­pany.
Fol­low­ing the merger, Goat and Flight Club will con­tinue to op­er­ate as in­de­pen­dent brands.

Led by Eddy Lu, co-founder and CEO, Goat will con­tinue to focus on mo­bile and web list­ings, and uti­lize its tech­nol­ogy plat­form across the com­bined com­pa­nies. Founded in 2015, the plat­form now of­fers a large se­lec­tion of sneak­ers rang­ing from gen­eral re­leases to rare ex­clu­sives, a man­aged mar­ket­place model, au­then­ti­ca­tion ser­vice and buyer pro­tec­tion.
Led by Damany Weir, co-founder and pres­i­dent, Flight Club will con­tinue its focus on global re­tail and e-com­merce con­sign­ment. It also operates two brick-and-mor­tar lo­ca­tions housed in New York and Los An­ge­les.

In conjunction with the funding, Index Ven­tures’ Danny Rimer and Flight Club’s Damany Weir will join GOAT’s Board of Di­rec­tors.

FinSMEs

08/02/2018