This new partnership with GOAT brings together two of the most dynamic forces in the fashion e-commerce space. Other investors include Groupe Artémis, the holding company of the Pinault family; Gucci CEO Marco Bizzarri; as well as existing investors, Thrive Capital, and Index Ventures.
This next phase of funding will allow Grailed to make significant investments in service of its robust community of buyers and sellers, delivering new enhancements to its digital authentication process and additional features and tools for its sellers and buyers. The unique partnership with GOAT will also accelerate Grailed’s growth by drawing directly from its new investor’s expertise and insights in the industry.
Since its Series A funding, the Grailed platform has nearly doubled in size, with over seven million users globally and more than three million listings from more than 10,000 luxury labels and streetwear designers, making this alignment a disruptive moment for the industry as a whole. GOAT Group COO, Yunah Lee, will be appointed to Grailed’s Board of Directors.
“We wouldn’t be where we are today without our amazing and vibrant community of enthusiastic buyers and sellers,” said Arun Gupta, Grailed’s CEO. “In GOAT Group, we saw an incredibly like-minded partner who is just as passionate and forward-thinking about the global fashion community as we are. With GOAT’s investment, we are excited to deliver powerful new features across the platform and to double-down on our bold innovations in authentication at an even faster pace.”
“We are incredibly excited to lead Grailed’s second funding round and partner with them to advance the experience for our two communities,” added Eddy Lu, co-founder and CEO of GOAT Group. “Grailed and GOAT share a common approach, based on authenticity, trust and a highly curated perspective on style, which is core to our brand as we bring the greatest products together from the past, present and future.”