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Global Livestream Shopping Platform ShopShops Announces $15M Series B
ShopShops, an interactive, global livestream shopping platform, announces today a major finance milestone with its new $15M, Series B. The financing was co-led by LightShed Ventures and Acrew Capital and supported by existing investors Union Square Ventures, Forerunner Ventures and The Chernin Group (TCG). Dave Lu from Hyphen Capital and Gaingels also participated in the round. The funding will be used to accelerate the expansion of ShopShops in the U.S. as well as to continue its growth among premium cross-border shoppers in China.
Since 2018, the ShopShops mobile app has given shoppers in China access to a best-in-class marketplace of well-known prestige brands, emerging designers and vintage retailers hailing from 30 cities around the world. In December of 2020, ShopShops leveraged its app, brand partnerships and learnings to launch a beta for U.S. shoppers. Early traction from the launch, paired with an incr
JUN 01, 2021
Being into sneakers is an expensive hobby. It involves fighting bots to gain access to new releases on the day they drop or spending hundreds, or even thousands, above retail value by going through a reseller the next day.
It’s a problem that could limit the growth of the segment. While the exclusivity and limited availability of sneakers have driven massive sales over the last five years, making sneakers an $80 billion market, they’ve also risked alienating more casual consumers. So now, new sneaker and streetwear platforms are challenging the idea that streetwear needs to be ultra-exclusive or ultra-expensive.
Jay Z and Serena Williams Invest $19m in Bitski NFT Platform
Last Updated: 11 May 2021
Bitski, an NFT marketplace, has raised $19 million after a Series A funding round. The round was led by Andreesen Horowitz and supported by Jay Z and Serena Williams.
NFTs are booming, and Bitski is among the leading companies joining the trend. Bitski classifies itself as the ‘Shopify of NFTs’. The company is looking to advance its operations after receiving $19 million in a Series A funding round. Bitski focuses on making NFTs available for artists and influencers by giving them a platform where they can earn from their work.