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Exclusive: Influencer Platform ShopMy Nabs $1.5 Billion Valuation

The fast-growing creator monetisation business raised $70 million in a funding round that included heavyweight Silicon Valley investors and social media stars, including Sofia Richie Grainge and Aimee Song.
ShopMy saw revenue grow 200 percent in the past 12 months.
ShopMy saw revenue grow 200 percent in the past 12 months. (Courtesy)

Investors are betting there is serious money in helping influencers make serious money.

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Further Reading

The Fight for Influencer Marketing Dollars Heats Up

ShopMy, a four-year-old influencer monetisation platform, has attracted over 50,000 creators, making inroads in a space long ruled by incumbent player LTK. Tensions rose to new heights this week after LTK sued ShopMy for false advertising.

About the author
Diana Pearl
Diana Pearl

Diana Pearl is Senior News and Features Editor at The Business of Fashion. She is based in New York and drives BoF’s marketing and media coverage.

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