Mobile sneaker marketplace GOAT adds $25M

by John Siegel
February 7, 2017

Mobile sneaker marketplace GOAT is the latest company to announce a sizable round of funding this February. The startup, which operates out of Culver City, announced they raised $25 million so the company can keep up with its growing user base. 

Though the company just raised a $5 million Series A in August, they needed to find a new headquarters to hold their team and their merchandise. Currently, the company occupies three warehouses in Culver City so buyers and sellers can purchase verified sneakers, but plan to bring everything under one roof.

Ryan Sweeney of Accel Partners, which led the round, will also join GOAT's board of directors.

“While we weren’t looking to raise another round, we were excited about the opportunity to work with Ryan and Accel.” said co-founder and CEO Eddy Lu in a statement. “Ryan is an exceptional investor with a very successful track record. He’s also a sneaker enthusiast, so he understands our market well. With Accel as well as our other top-tier investors, we not only have the capital, but the guidance to strategically expand our business.” 

Since the company last raised funds, its community has grown to more than 1.5 million members, with average order values surpassing $330.

Images via GOAT.

Do you know a startup that deserves coverage? Tell us here and follow us on Twitter @BuiltInLA.

Jobs at GOAT21 open jobs
All Jobs
Data + Analytics
Design + UX
Dev + Engineer
HR
Marketing
Operations
Content
Developer
new
GOAT
Los Angeles
Design + UX
new
GOAT
Los Angeles
HR
new
GOAT
Los Angeles
Operations
new
GOAT
Los Angeles
Developer
new
GOAT
Los Angeles
Developer
new
GOAT
Los Angeles
Developer
new
GOAT
Los Angeles
Developer
new
GOAT
Los Angeles
Developer
new
GOAT
Los Angeles
Operations
new
GOAT
Los Angeles
Data + Analytics
new
GOAT
Los Angeles
Marketing
new
GOAT
Los Angeles
HR
new
GOAT
Los Angeles
Operations
new
GOAT
Los Angeles
Developer
new
GOAT
Los Angeles
Developer
new
GOAT
Los Angeles
Operations
new
GOAT
Los Angeles
Content
new
GOAT
Los Angeles
Developer
new
GOAT
Los Angeles
Operations
new
GOAT
Los Angeles

Los Angeles startup guides

LOCAL GUIDE
Best Companies to Work for in Los Angeles
LOCAL GUIDE
Inside the Best Software Engineer Jobs in Los Angeles
LOCAL GUIDE
Tour the Coolest Tech Offices in Los Angeles
LOCAL GUIDE
Inside the Best Sales Jobs in Los Angeles
LOCAL GUIDE
Your Guide to the Best Perks at LA Tech Companies
LOCAL GUIDE
Inside the Best Marketing Jobs in Los Angeles
LOCAL GUIDE
Your Guide to Virtual Reality Tech in Los Angeles
LOCAL GUIDE
Your Guide to Media Tech in Los Angeles