Thursday, February 7, 2019

GOAT Gets $100M From Foot Locker

Los Angeles-based footwear trading site Goat Group, founded by Eddy Lu and Daishin Sugano, has raised a big, $100M funding round from footwear retailer Foot Locker, the two announced on Thursday. According to the company, the move also will include exclusive shopping opportunities and joint efforts in Foot Locker's physical stores. New York-based Foot Locker said the strategic minority investment came through its subsidiary in 1661, Inc. Foot Locker explained the move will also go to help help accelerate GOAT Group's global operations, expanding its omnichannel experience and technologies. GOAT has now raised $197.6M in total since it was founded in 2015. More information »

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