StockX, a US-based online consumer goods marketplace backed by internet and technology group Alphabet, has raised $60m alongside a $195m secondary share sale by employees.
The round valued the company at $3.8bn and was led by technology investment firm Altimeter Capital, which participted together with Dragoneer Investment Group.
Founded in 2016, StockX has built an online marketplace platform that enables users to buy and sell consumer products such as clothing, electronics and collectable items. More than 13 million transactions have taken place on the platform, which is accessible in more than 200 countries.
The company has raised $495m of primary funding since it was founded in 2016. Tiger Global Management led its $275m series E round, which included Altimeter Capital, Sands Capital and Whale Rock Capital Management, in December 2020.
StockX raised $110m to close its series C round in June 2019 with backing from GV, an investment subsidiary of Alphabet, as well as Battery Ventures, DST Global, General Atlantic and GGV Capital.
GV co-led a $44m series B round for the company in 2018 with Battery Ventures, investing alongside Detroit Venture Partners, Courtside Ventures and assorted individuals. It secured $6m of series A funding from SV Angel, Detroit Venture Partners and angel investors such as Mark Wahlberg, Scooter Braun, Eminem and Wale the year before.