Business

StockX, a Detroit Startup Co-Owned by Dan Gilbert, Is Worth $1 Billion-Plus


June 26, 2019, 5:32 PM

Detroit-based StockX, which launched in Detroit in 2016, has a new $1 billion-plus valuation, JC Reindl of the Detroit Free Press reports.

The online resale marketplace for unworn merchandise — particularly sneakers — is co-owned by Quicken Loans founder Dan Gilbert, sneakers collector Josh Luber and its chief operations officer, Greg Schwartz.

The company, based in Campus Martius downtown, received its valuation through a $110-million Series C funding round from investment firms DST Global, General Atlantic and GGV Capital, the Freep reports. 

 


Read more:  Detroit Free Press


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