NTWRK, North America’s foremost livestream shopping platform, has raised US$50 million from a round led by Goldman Sachs Asset Management and global luxury group Kering.
The round also drew commitments from other participants, including LionTree Partners and Tenere Capital.
These new investors were joined by existing partners such as Foot Locker, Live Nation, Main Street Advisors, and others.
The funds gathered during this round will be directed towards speeding up NTWRK’s growth, as the firm seeks to increase its market share in current locations, as well as expand its global presence.
“Our vision is to become the biggest, most culturally relevant, livestream shopping marketplace for Gen-Z and Millennial audiences who are obsessed with pop culture,” says NTWRK CEO Aaron Levant. “It’s exciting for NTWRK to have Goldman Sachs and Kering sign on for the future of livestream shopping.”
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