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.
