On December 16, 2020, global online marketplace StockX announced a $275 million Series E funding round that values the fast-growing platform at $2.8 billion. Led by Tiger Global Management, LLC with new participation from Altimeter Capital, Sands Capital, and Whale Rock Capital Management, the Series E marks the largest VC funding round in Michigan history and brings the company’s total funds raised to $490 million. Wilson Sonsini Goodrich & Rosati represented StockX in the transaction.

The new investment will be used to accelerate global expansion, product innovation, and category diversification for the e-commerce marketplace. StockX has logged record-breaking growth in 2020. As of the end of Q3, the company surpassed 13 million lifetime trades (StockX's metric of transactions between buyers and sellers), 50 percent of which were in the prior 12 months. Additionally, during Q3, StockX saw an average of 25 million global visitors per month.

The Wilson Sonsini team advising StockX includes Megan Baier, Amy Lucas, Josephine Aiello LeBeau, Matt Staples, Daniel Chen, Jamie Clessuras, and Scott McKinney. The team also collaborated with Rezwan Pavri, Bob Day, and Sriram Krishnamurthy.

Please see StockX’s press release for more information.