Stockx Gets $6 Million In Financing

According to the world clothing shoes and hats net, the Internet

Trading platform StockX announced that they had won a new round of $6 million in financing. This website, like the stock market, allows people to resell and buy limited sports shoes including Air Jordan and Yeezy.

Through the anonymous auction system and data analysis tools of the website, buyers and sellers can see all sales records of a pair of shoes since the sale, so that the price of the "deep water" shoes resale market is as pparent as shares.

After this round of financing, StockX is currently valued at around $1 billion, and in the press release, they have a new name for themselves: "Stock Market of things", hoping to extend their tentacles beyond the field of sneakers in the future.

But this goal seems to be relatively distant for the time being.

The founder of StockX, Josh Luber, is the founder of the original shoe data blog Campless. He collected price data from eBay and compiled a price guide for sneakers.

After receiving funding from another co founder, Dan Gilbert, StockX, blogging pformed into StockX today.

DanGilbert is the boss of the loan company billions of dollars and the main shareholder of the NBA Cleveland Cavaliers. The familiarity between the tennis shoes network and Josh's market for sports shoes has made StockX grow very fast, which means that entering other strange fields is a new attempt for both of them.

There are many similar shoe resale companies.

We have reported that GOAT, a mobile shoe trading platform based on mobile terminal APP, has just got $30 million in financing six months ago. They claim that they have 1 million 500 thousand users. StadiumGoods is another resale platform, which has raised 4 million 600 thousand US dollars to introduce their websites and consignment stores. There are also a lot of personal resellers with larger volume of business. They will also choose to build their own platforms and sell them in acquaintance circles.

According to estimates by NPD group, a market research firm, the annual sales of the shoe resale market are currently about $500 million, equivalent to 1% of Nike's annual sales.

At present, there are 43221 kinds of shoes database on StockX. Each shoe is equipped with a picture that can rotate 360 degrees, a price list and all kinds of data since the sale of these shoes to help buyers and sellers make decisions.

When someone clicks on the "bid" and the auction is successful, the seller will send his shoes to StockX's headquarters in Detroit, which is identified by the company's team. After that, StockX will receive a 9.5% High Commission, which will be reduced after three successful deals.

In this paction, the seller only needs to release the expected price, so they do not need to write an introduction to their shoes, nor do they need to take photos.

StockX competitor GOAT

The new investors include many celebrities -- Hollywood star Mark Wahlberg (StockX has registered for his collection of shoes, worth a total of $100 thousand); AOL CEOTim Armstrong and former CEO Steve Case; Washington Wizards boss Ted Leonsis; signed Kanye, Dan, and other stars of the brokerage firm bosses; rap star and his agent; and fashion.

JonBuscemi.

This long string covers the list of celebrities and rich people, perhaps preparing for the future expansion of the company. With the help of US $6 million, the company intends to enter other two class collections.

Including watches and handbags.

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