Stadium Goods Raises $4.6 Million In Equity Funding
NEW YORK, Jan. 12, 2017 /PRNewswire/ -- Today, STADIUM GOODS, a top global sneaker and apparel marketplace, has announced it has raised over $4.6 million in new equity funding. The financing will further fuel Stadium Goods' expansion into the mainstream footwear market, valued at over $80 billion annually. The financing round was led by Forerunner Ventures (Warby Parker, Dollar Shave Club, Jet.com) and also includes The Chernin Group, among others. Mark Cuban is also a Partner and Advisor.
Founded by John McPheters and Jed Stiller in late 2015, Stadium Goods ushered in the next generation of consumer retail with the unveiling of stadiumgoods.com and their Soho retail location in NYC, offering sneaker consumers around the world the most premium, innovative and customer service-focused approach to buying and selling highly coveted footwear, apparel and lifestyle goods.
"Stadium Goods has transcended a seemingly niche market, proving that they can be a critical player in the larger global athletic footwear retail market. There hasn't been a company of its kind offering this level of aesthetic, product mix or services to date so we're very excited to partner with them," said Kirsten Green, Founder at Forerunner Ventures.
This past summer, Stadium Goods also expanded into China through an exclusive partnership with Tmall Global, an extension of Alibaba Group's B2C Tmall.com business, which enables overseas merchants to effectively enter China's rapidly growing online retail market.
"In just over a year in business, we've experienced tremendous growth and, more importantly, helped to legitimize the resale model by making it more relevant and accessible to all types of consumers," said Jed Stiller, co-founder/managing partner of Stadium Goods. "We're thrilled to have found the perfect partners in Forerunner Ventures and The Chernin Group, among others, to build on our successes to date as we look to innovate and scale rapidly."
About Stadium Goods
Stadium Goods is a fully mobile enabled multi-channel, e-commerce + brick & mortar marketplace selling sought after footwear, apparel and hard-to-find items. Stadium Goods addresses the need for a more service-oriented focus within the sneaker/street wear resale space, while also increasing the efficiency of connecting buyers and sellers. Today, Stadium Goods includes flagship retail and market drop-off locations, global e-commerce and the largest assortment of coveted footwear ever compiled. For more information, please visit: stadiumgoods.com
SOURCE Stadium Goods
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