Grubwithus
Unicorn · $3.7B8 known investors
GOAT is an online marketplace for buying and selling sneakers, apparel, and collectibles from brands like Nike, adidas, and Air Jordan.
Also known as GOAT Group · goat.com
Founders & leadership
Investors · 8
Company profile
researched Aug 2026GOAT is an online marketplace and retail platform for sneakers, apparel and accessories, spanning new releases, exclusive collaborations and resale inventory. Founded in 2015, the company describes itself as positioned between the primary and resale markets, offering products across multiple eras through its digital platforms and physical retail locations, and serving more than 60 million members in over 170 countries. Product categories highlighted on its site include Nike Dunks, Air Jordans and New Balance silhouettes, alongside collaboration releases.
GOAT is owned and operated by GOAT Group, which operates four distinct brands: GOAT, Flight Club, Grailed and alias. GOAT Group is headquartered in Los Angeles, California, is listed by Y Combinator (Winter 2011 batch) as active with a team size of 1,600, and is backed by investors including Accel Partners, Andreessen Horowitz, Index Ventures, Matrix Partners, NEA, SV Angel, Upfront Ventures, Webb Investment Network and Y Combinator.
The platform's core value proposition, according to the founders, is trust and authentication: the idea originated after co-founder Daishin Sugano bought a counterfeit pair of Jordans on another platform in 2014, and the founders concluded there was a need for standardization and verification in the sneaker market. GOAT publishes an assurance of authenticity policy alongside buyer protection, shipping and returns terms.
Founding story
Eddy Lu and Daishin Sugano met while studying at UC Berkeley and worked together on iPhone apps and several ventures, including the Y Combinator-backed social dining app Grubwithus, which raised a $6 million Series A from Upfront Ventures and was ultimately shut down after the founders concluded that coordinating diners, dates and restaurants created too much friction to scale. In 2014, Sugano, a longtime sneaker collector, bought a pair of Jordans on another platform that turned out to be counterfeit; the difficult, non-standardized buying process and the prevalence of fakes convinced the pair that the market needed a platform providing trust and safety. They founded GOAT in 2015. Both founders are described as Los Angeles natives who chose the city for its customer diversity.
Business model
GOAT operates a two-sided online marketplace connecting buyers and sellers of sneakers, apparel and accessories, positioned between the primary (new release) and resale markets. Sellers list inventory on the platform, GOAT provides authentication and fulfillment, and products are delivered to members worldwide. The parent company also runs a seller tool, Alias, that allowed sellers to list products across all of GOAT Group's portfolio brands, and maintains distribution facilities in multiple regions. Sources describe fee, selling, shipping and buyer protection policies but do not disclose specific take rates or revenue figures.
Not specified in the available sources beyond references to GOAT's fee policy and selling terms for marketplace transactions.
Traction
GOAT reports delivering products to over 60 million members across 170 countries; GOAT Group's Y Combinator profile cites a community of over 50 million members across 170 countries and a team size of 1,600. As of a May 2023 dot.LA article, GOAT had over 30 million members, over 100,000 SKUs and over 2 million listings. A June 2021 Los Angeles Business Journal headline cited by Y Combinator reported a $3.7 billion valuation for GOAT Group.
Latest developments
In September 2025, Sole Retriever reported that GOAT was shutting down facilities in the UK, Hong Kong and Japan connected to its Alias platform, with GOAT Group contacting Alias sellers to return product from the affected sites. A GOAT Group spokesperson responded that the company annually optimizes its global operations network, expanding some key facilities and consolidating others, and cited more than 60 million members worldwide.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
GOAT is described by its own site as one of the leading and most trusted sneaker platforms globally, and by Sole Retriever as a leading sneaker and streetwear resale app. Its parent, GOAT Group, describes its brands as leading platforms for authentic sneakers, apparel and accessories, with a community of over 50 million members across 170 countries; a June 2021 Los Angeles Business Journal item reported a $3.7 billion valuation. dot.LA characterizes GOAT as a unicorn e-commerce sneaker startup.
Sources emphasize authentication and trust as GOAT's founding rationale, following a counterfeit-sneaker experience by co-founder Daishin Sugano, and the company publishes an assurance of authenticity policy. GOAT also describes a distinctive position between the primary and resale markets, combining new releases and exclusive collaborations with historical and secondhand inventory, and pairs digital platforms with physical retail locations. Parent GOAT Group operates multiple complementary marketplaces (GOAT, Flight Club, Grailed, alias) and a cross-portfolio seller listing tool.
Technology
GOAT operates mobile app and web platforms with authentication processes underpinning its assurance of authenticity, and a data-driven seller tool, Alias, that allowed sellers to list products across GOAT Group's portfolio of marketplaces. Open engineering roles at GOAT Group include senior software and machine learning engineering positions.
Go-to-market
GOAT reaches consumers directly through its app and website, supported by new releases and exclusive brand collaborations, and through retail locations. Early growth came from promotional events and organic coverage by sneaker media: a 2015 Black Friday promotion pricing hot sneakers at retail ($200) generated coverage that drove more than 100,000 new user sign-ups in one week. Parent GOAT Group also reaches customers through its other brands, Flight Club, Grailed and alias.
Consumers buying and selling sneakers, apparel and accessories — including new releases, exclusive collaborations and used or hard-to-find footwear — across men's, women's and kids' categories, plus sellers who list inventory on the platform. Membership is reported at over 60 million people across 170 countries.
Geography
Headquartered in Los Angeles, California, with delivery to members in over 170 countries. GOAT Group began Asian expansion in 2019 with offices in Shanghai and a distribution facility in Hong Kong. In September 2025 it was reported to be closing facilities in the UK, Hong Kong and Japan tied to its Alias platform, which the company framed as consolidation alongside expansion of other key global facilities. The company also operates physical retail locations.
History
Founded in 2015 by Eddy Lu and Daishin Sugano, the company grew out of the founders' earlier ventures, including the Y Combinator-backed social dining app Grubwithus, which raised a $6 million Series A from Upfront Ventures before being wound down. An early Black Friday promotion in 2015 that discounted popular sneakers to $200 drew coverage from sneaker publications and more than 100,000 new sign-ups in a week, overwhelming the platform's servers; Lu later characterized the incident as the company's inflection point. In 2018 GOAT acquired Flight Club and formed GOAT Group, later adding Sneakers.com, Grailed and Alias. Asia expansion began in 2019 with offices in Shanghai and a Hong Kong distribution facility. A Los Angeles Business Journal item dated June 2021 reported GOAT Group's valuation at $3.7 billion. In September 2025, Sole Retriever reported the closure of UK, Hong Kong and Japan facilities tied to Alias, which GOAT Group characterized as consolidation within an evolving global network.
Risks & controversies
Reported operational retrenchment: in September 2025 GOAT was said to be closing facilities in the UK, Hong Kong and Japan tied to the Alias platform, asking sellers to have inventory returned, which the company described as network consolidation. Historically, the company's 2015 Black Friday promotion caused a server outage that generated thousands of customer service complaints and public backlash. The founders also cite counterfeit products in the sneaker market as the industry threat the platform was built to address.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 8
by search overlapCompanies competing with Grubwithus for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 3
launches, deals, and filingsSole Retriever reported GOAT is closing facilities in the UK, Hong Kong and Japan related to its Alias platform, and that GOAT Group asked Alias sellers to have product shipped back from the affected facilities. A GOAT Group spokesperson described the moves as consolidation of some facilities alongside expansion of other key global facilities.
GOAT Group began expansion in Asia in 2019, opening offices in Shanghai and a distribution facility in Hong Kong, with China identified by CEO Eddy Lu as the starting market for global expansion.
GOAT acquired Flight Club in 2018 and formed GOAT Group, operating both entities independently; other acquisitions cited include Sneakers.com, Grailed and Alias.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- About Us | GOATgoat.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Grubwithus do?
- GOAT is a Los Angeles-based online marketplace for authenticated sneakers, apparel and accessories, serving 60M+ members in 170 countries.
- Who founded Grubwithus?
- Grubwithus was founded by Eddy Lu.
- Who are Grubwithus's investors?
- Grubwithus's investors include Bonfire Ventures, Index Ventures, K2 Global, Mastry, Matrix, SV Angel, Webb Investment Network, Sound Ventures.

