Tuesday, January 19, 2021

GOAT Group Gets Strategic Investment

Los Angeles-based GOAT, best known for its online marketplace for sneakers, but which now also has expanded into apparel and accessories, has received a strategic investment from Groupe Artemis. Groupe Artemis is owner of the Kering luxury fashion brand. Size of the investment was not announced. GOAT said the strategic investment follows its Series E funding announcned in September of 2020, which was worth $100M, valuing GOAT at $1.75 billion. GOAT said the new investment round will go towards continued expansion in the fashion apparel and other new categories. GOAT is led by co-founder and CEo Eddy Lu.

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