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Live Shopping Startup Ntwrk Raises $50 Million From Goldman Sachs, Gucci Owner Kering

Live Shopping Startup Ntwrk Raises $50 Million From Goldman Sachs, Gucci Owner Kering

Ntwrk, a startup combining livestreaming and ecommerce, has raised a $50 million in a fresh funding round led by Goldman Sachs and Kering -- the French luxury conglomerate that owns Gucci and Yves Saint Laurent.

The round also featured participation from LionTree Partners and Tenere Capital. They join existing investors Main Street Advisors, Live Nation, and Foot Locker. Ntwrk, which says it blends the hype factor of 'drop' culture with entertaining content and live events, said the investment will be harnessed to expand its market share and global footprint.

Ntwrk was co-founded by Jaime Iovine, the son of storied music industry executive Jimmy Iovine, as well as the entrepreneurs Aaron Levant and Gaston Dominguez-Letelier.

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