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Snap-Backed Gen Z Resale Platform Raises $4.5 Million

Galaxy will use the funding to power its personalised secondhand marketplace, where influencers and independent boutiques sell products on the app.
Livestream, resale, second hand, influencer, selling
Galaxy raised $7 million from investors like Snap and early-stage venture capital firm Floodgate. (Courtesy)
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Editor’s note: This article was amended on 29 July, 2022. A previous version of this article stated Galaxy had raised $7 million in new funding, including Snap Inc.’s participation in this round. This is incorrect. Snapchat invested in the start-up three years ago but was not involved in the most recent round of $4.5 million.

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Further Reading

Who Is Actually Livestream Shopping?

Live selling via streaming video is a smashing success in China but has yet to catch on with consumers in Europe and the US due to several pain points.

South Korean Sneaker Resale Platform SoldOut Raises $33 million

The operator of South Korea’s online resale marketplace for limited-edition sneakers and streetwear said existing shareholders Musinsa, South Korea’s largest multi-brand online fashion retailer, and Dunamu participated in the investment round of 40 billion won.

About the author
Daniel-Yaw Miller

Daniel-Yaw Miller is a contributing writer at The Business of Fashion. Miller is a New York based journalist, editor and advisor who specialises in sports, fashion and business.

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