GOAT (app)

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GOAT is billed as a sneaker marketplace app that allows anyone to buy and sell sneakers. It is available for iOS and Android. [2]

In August of 2016, GOAT raised $5 Million in initial funding.[4]

History

The team behind GOAT originally worked on an app called GrubWithUs, that would allow users to eat with strangers. After the app didn't take off, GrubWithUs pivoted to GOAT, a sneaker marketplace. [3] The GOAT app was officially launched in 2015.

On August 29, 2016, GOAT received $5 million dollars in funding from a Series A round ; Matrix Partners was the lead investor.[7]

On February 7, 2017, they received $25 million in a Series B round, led by Accel Partners, in an effort to expand its marketplace .[7] [5]

On February 8, 2018, they received $60 million in a Series C round, led by Index Ventures.[7]

On February 7, 2019, GOAT Group received $100 million from Foot Locker in a corporate round.[7]

Features

The core concept of this app is focused on a way to exchange sneakers through an eBay-like system with new or used sneakers available to purchase from a plethora of verified sellers. The marketplace is accessible from the web, iOS, or Android.

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