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Global Livestream Shopping Platform ShopShops Announces $15M Series B


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 wit ....

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