FootLocker-backed online sneaker and apparel marketplace Goat Group was valued at $3.7bn in a series F round led by Park West Asset Management.

Goat Group, a US-based streetwear marketplace operator backed by footwear retailer Foot Locker, has secured $195m in a series F round that valued it at $3.7bn.

Hedge fund manager Park West Asset Management led the round, which included investment firm Ulysses Management, fellow fund managers Franklin Templeton and Adage Capital Management, and funds and accounts advised by T Rowe Price Associates.

Founded in 2015, Goat Group runs multiple online marketplaces where users can buy and sell clothing, footwear and accessories.

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