StockX

StockX

An online marketplace to buy & sell verified authentic sneakers, streetwear, handbags, and watches.

StockX is a company that operates an online marketplace selling limited edition and high demand sneakers, streetwear, collectibles, handbags, and watches. It is registered under SoleTrade LLC and was founded in 2015. StockX was founded by Dan Gilbert, Josh Luber, and Greg Schwartz. It is headquartered in Detroit, Michigan, United States.

Service

Stock X's best selling brands range from Adidas and Nike for sneakers, to KAWS and bearbrick for streetwear, to Rolex and Apple for watches. Their products are sold through a bidding process where sellers would set the price they are willing to sell the products for - called an 'ask' - and the buyers would bid until both sides reach an agreement, in which transaction would automatically be made. To ensure product quality, after setting their ask, sellers must send their products to StockX's team of authenticators. The authenticators are based in New York and London. Although sellers can set the initial bid price, buyers have access to the average final price for the same products, based on past bid wins on the site.

Timeline

December 16, 2020
StockX raises $275m Series E, valuing the retailer at $2.8b.

December 2020
StockX raises a $2,800,000,000 series E round from GV, Tiger Global Management, GGV Capital, Sands Capital Management, DST Global, Galaxy Interactive, General Atlantic, Whale Rock Capital Management, Altimeter Capital, Marcy Venture Partners, Detroit Venture Partners and Battery Ventures.
June 26, 2019
StockX raises a $110,000,000 series C round from DST Global.
June 2019
StockX appoints former eBay, StubHub, and NYSE executive Scott Cutler as CEO.
September 2018
$44m Series B

The round was led by GV and Battery Ventures.

September 2018
StockX raises a $44,000,000 series B round from GV and Battery Ventures.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
StockX Series E round December 2020
2,800,000,000
December 2020
4 Results
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People

Name
Role
LinkedIn

Greg Schwartz

Founder

Joe Mitchell

Employee

Nick Engvall

Employee

Taryn Watzman

Employee

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Shoshy Ciment
February 16, 2021
Business Insider
eBay is tackling its reputation problem among younger shoppers that prefer turn to newer companies like StockX or GOAT to buy and sell sneakers.
Candy Cheng
February 10, 2021
Business Insider
Sources close to the company say StockX, the profitable $2.8 billion sneaker stock exchange, is looking to go public as soon as this year.
Candy Cheng
February 10, 2021
Business Insider
The untold story of how StockX has risen from an underdog sneaker exchange to a $2.8 billion company on the path to an IPO in just 5 years.
Shoshy Ciment
January 26, 2021
Business Insider
In the wake of Poshmark's successful IPO, Insider asked experts what similar companies we should expect to go public in the near future.
Shoshy Ciment and Maddy Simpson
January 6, 2021
Business Insider
Here are the average annual salaries and ranges for different jobs at thredUp, StockX, Poshmark, OfferUp, eBay, and The RealReal.
Áine Cain
December 30, 2020
Business Insider
From Coupang, the Amazon of South Korea, to online marketplaces like StockX and GOAT, these companies are set to thrive in the new year.
Berber Jin and Aaron Holmes
December 26, 2020
Business Insider
Whether you're looking for new products, prospective employers or tech trends, this list is the best way to know what's hot in the consumer startup world.
AlleyWatch
December 20, 2020
AlleyWatch
The Pulse of New York Tech
Berber Jin and Aaron Holmes
December 18, 2020
Business Insider
Investors at the best venture capital firms name the startups poised for a big 2021 inside and outside of their portfolios and across industries.
Alex Wilhelm
December 16, 2020
TechCrunch
An IPO? A shoe-reselling marketplace? Sure! At the numbers we know about it, why not?
Crunchbase News
December 16, 2020
Crunchbase News
Crunchbase News' top picks of the news to stay current in the VC and startup world.
StockX
December 16, 2020
www.prnewswire.com:443
/PRNewswire/ -- StockX today announced it has raised $275 million in a Series E funding round that values the fast-growing platform at $2.8 billion post-money....
Matt Burns
December 16, 2020
TechCrunch
StockX today announced its Series E funding led by Tiger Global. The $275 million funding round values the company at $2.8 billion at a post-money valuation. The company intends to use the cash to accelerate global expansion, product development, and to expand StockX's categories. Rumors are swirling that this financing will allow the company to [...]
StockX
December 1, 2020
www.prnewswire.com:443
/PRNewswire/ -- Building on rapid growth in 2020, StockX reports a record-breaking Cyber Weekend, with daily gross merchandise value (GMV) averaging 100%...
By Justin Harper
November 17, 2020
BBC News
A trading platform allowing people to buy and sell sneakers like shares is expanding into the region.
Ben Gilbert
November 11, 2020
Business Insider
The PlayStation 5 is scheduled to arrive this Thursday, and starts at $400. But resellers are already getting over $800 for the new console.
The Canadian Press
November 10, 2020
CTVNews
Canadian fans of brands like Supreme, Bape and Kaws may soon find it quicker and easier to fill or empty their closet of trendy and hard-to-find goods.
Shoshy Ciment
November 6, 2020
Business Insider
eBay bills itself as the originator of the online sneaker-resale game. Now, it wants to be the best.
Veanne Cao
November 8, 2019
TechCrunch
Joshua Luber runs a sneaker empire valued at more than $1 billion, but he thinks they're just now scratching the surface. The consumer marketplace recently expanded to include a fifth category (collectibles). "It's an evolution of eBay that works similar to the stock market," Luber states, "but at the core, it's around the concept of [...]
Dominick Reuter and Jennifer Ortakales
October 29, 2019
Business Insider
The first $150 million fund has backed nearly 130 companies with the support of high-profile investors like Jeff Bezos, Ray Dalio, and Meg Whitman.
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References

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