Thursday, February 8, 2018

GOAT Acquires Flight Club, Adds $60M In Funding Round

Los Angeles-based online sneaker marketplace GOAT is acquiring sneaker consignment shop operator Flight Club, and has a raised another $60M via a Series C funding, GOAT disclose this morning, as it looks to expand its footprint. Flight Club operates a consignment store that sells collectible sneakers, out of stores in New York and Los Angeles. According to GOAT, the funding came from Index Ventures, Accel Partners, Matrix Partners, Upfront Ventures, and others. GOAT has now raised an astounding $90M in total across three funding rounds. The company's online marketplace focuses on the secondary, collectible sneaker market. Financial details of thea cquisition deal were not announced. More information »

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