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Thursday, February 8, 2018

GOAT & Flight Club Merge, Raise $60 Million In New Funding

GOAT has announced that it will be merging with Flight Club to “become the world’s largest sneaker marketplace.” Following the merger, GOAT will operate Flight Club as an independent brand, which includes its two retail locations in Los Angeles and New York City, while focusing on mobile and online commerce. The funding is led by Index Ventures, with other participants including Accel, Matrix Partners, Upfront Ventures, and Webb Investment Network, all existing GOAT investors. This brings GOAT’s total funding to $97.6 million and will see Index Ventures’ Danny Rimer and Flight Club’s Damany Weir join GOAT’s board of directors.