A Giant New Investment From Yuri Milner’s Dst Will Make Stockx The First Billion-dollar Sneaker Reseller
DST, the venture capital firm founded by Yuri Milner, is expected to lead the deal. The online sneaker resale marketplace StockX is in advanced talks to be valued at $1 billion-plus in a new round of financing, Recode has learned. DST Global, the late-stage venture firm run by Russian-American billionaire Yuri Milner, is expected to lead the deal, according to people familiar with the matter. It will be the latest bet by the firm on an e-commerce startups after backing companies like like DoorDash, Wish and Faire. The exact size of the financing round couldn’t be learned.