Live Nation, Kering and Foot Locker have backed a capital injection which will support the expansion of livestream shopping platform Ntwrk.
US-based livestream shopping platform operator Ntwrk secured $50m from investors including live event promoter Live Nation, footwear retailer Foot Locker and luxury goods producer Kering yesterday.
Goldman Sachs Asset Management’s growth equity unit led the round, which also featured LionTree Partners, Tenere Capital, Main Street Advisors and unnamed additional investors.
Founded in 2018, Ntwrk operates an e-commerce marketplace that enables brands, artists and content creators to interact with their audiences and sell products through livestreaming sessions.
The mobile-based platform, which…
