StockX, the sneaker and streetwear marketplace, has announced that it’s raised $275 million in a Series E funding round that values it at $2.8 billion post-money. Based out of Detroit, Michigan, StockX’s new funding round marks the biggest-ever venture capital round in Michigan history and boosts the total amount of funding raised by the company to nearly $500 million.

The round was led by the investment firm Tiger Global, with participation from Altimeter Capital, Sands Capital, and Whale Rock Capital Management.

The new round comes on the heels of StockX surpassing $3 billion in lifetime gross merchandise value (GMV) and posting a 75% year-over-year revenue jump to $100 million in the third quarter of this year, the company says.

With its new funding, StockX says it’ll expand both domestically and internationally. Initially only available in the US, StockX has grown to now ship to more than 200 countries and territories globally and as such seen its business grow significantly.

This year, the company says it surpassed 13 million lifetime trades, half of which were made just in the past year. Its non-US trades have soared by 260% over the past year, StockX says.

Rumors persist that this may be StockX’s last funding round before a planned public offering next year.

Photo: StockX CEO Scott Cutler by TechCrunch is licensed under CC BY 2.0

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