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The booming sneaker resale market is no longer just about flipping Jordans and Dunks. Sneaker resale marketplace Goat is thinking much bigger â off the back of doubling its valuation last month to $3.7 billion, following a $195 million Series F funding round.
The ambitious aim is to develop Goat into the leading e-commerce destination for young, cool consumers to shop retail and resale at once across luxury, streetwear and sneakers.
Goat hit $2 billion in gross merchandise value (GMV) over the last 12 months as consumers flocked to buy and sell authenticated sneakers and clothing as a hobby or side-hustle during the pandemic. The platform now has 30 million members and 600,000 sellers across the world.