Los Angeles-based online marketplace, Goat, has announced that it has secured $100 million in Series E funding from D1 Capital Partners. The funding will be used to support the company’s growth in various product categories and geographic locations. Goat plans to capitalize on market opportunities in sneakers, apparel, and other categories through technological innovation and scaling its business across its verticals.

Founded in 2015, Goat has already raised nearly $300 million from venture capital and strategic investors. Some of its notable investors include Accel, Foot Locker, Index, and Upfront Ventures. This recent funding round has boosted the company’s valuation to an impressive $1.75 billion.

With a customer base of 30 million members, Goat has expanded its presence with 13 physical locations across the United States, Asia, and Europe. These locations serve as both distribution and authentication centers, allowing Goat to ship its products to over 170 international markets.

D1 Capital Partners was particularly attracted to Goat’s success in the sneaker space and its disciplined operational approach. Goat has established itself as a major player in the industry and is well-positioned to become a global e-commerce platform as it continues to expand its core business and venture into new categories.

In addition to sneakers, Goat has broadened its offerings to include apparel and accessories. The marketplace currently offers over 350 brands, including renowned names like Acne Studios, Maison Margiela, Off-White, Stussy, Gucci, and Saint Laurent. Goat aims to bring together the world’s finest products from the past, present, and future, while delivering a premier customer experience that reflects its unique perspective on culture and style.

With this substantial funding, Goat is expected to further solidify its position as a leading online marketplace for fashion and luxury goods. The company’s commitment to technological innovation and exceptional customer experience positions it well to meet the demands of the evolving e-commerce landscape.

To learn more about Goat and its offerings, visit their official website here. For news and updates on their latest developments, follow their official Twitter account @goatapp.