NYC-based Grailed, the peer-to-peer marketplace for men’s streetwear and fashion, has been acquired by LA-based GOAT Group, the leading marketplace for authentic sneakers, apparel, and accessories. Terms of the transaction were not disclosed. “With its uncompromising brand identity, GOAT Group is the perfect complement to Grailed’s cutting-edge community of fashion enthusiasts,” remarked Arun Gupta, Cofounder and CEO of Grailed. “GOAT Group stands out in the industry as the right partner to help make fashion more accessible to the global style community.”
With its uncompromising brand identity, GOAT Group is the perfect complement to Grailed’s cutting-edge community of fashion enthusiasts. GOAT Group stands out in the industry as the right partner to help make fashion more accessible to the global style community – Arun Gupta
Founded by Gupta, Jake Metzger, and Julian Connor in 2013, Grailed had raised a total of $76.5M. Backers in the company include Index Ventures, Thrive Capital, Simon Ventures, Groupe Artemis, and Marco Bizzarri. GOAT is also an investor in the company, having led Grailed’s $60M Series B round in the fall of 2021. The transaction is expected to close within the next 45 days and the two companies will continue to operate independently.
“Grailed is a leader in the men’s fashion resale market with a strong community of style enthusiasts,” remarked Eddy Lu, Cofounder and CEO of GOAT Group. “We have always admired what they created for the fashion industry, and we will continue to build upon their strengths and position as a leader in the space. Together, we’ll advance our collective mission to bring the greatest products together from the past, present, and future, while also delivering innovative and memorable experiences to our community around the world.”
Grailed is a leader in the men’s fashion resale market with a strong community of style enthusiasts. We have always admired what they created for the fashion industry, and we will continue to build upon their strengths and position as a leader in the space. Together, we’ll advance our collective mission to bring the greatest products together from the past, present and future, while also delivering innovative and memorable experiences to our community around the world. – Eddy Lu
