Wait, How Much?: StockX Valued at Over $1 Billion!
Big money moves from the ‘stock market of things’, as Stockx announce a $1 billion-plus valuation.
The announcement comes off the back of $110 million in funding from investment firms DST Global, General Atlantic, and GGV Capital. It’s a huge achievement for co-founder Josh Luber and his team, as they’ve achieved the mark in less than three years – not bad, if you ask us!
According to a press release, StockX plans to use the new investments to expand their international reach, specifically in Europe and the Asia. They also plan to open brick-and-mortar stores in major cities across the globe.
The good vibes don’t stop there, as former eBay senior VP Scott Cutler is set to succeed co-founder Josh Luber as CEO. Luber will stay on as part of the executive leadership team and board of directors.
StockX has millions of active users in nearly 200 countries.