M&A Deal Summary

Poshmark Acquires Suede One

On October 13, 2021, Poshmark acquired software company Suede One

Acquisition Highlights
  • This is Poshmark’s 1st transaction in the Software sector.
  • This is Poshmark’s 1st transaction in the United States.
  • This is Poshmark’s 1st transaction in New York.

M&A Deal Summary

Date 2021-10-13
Target Suede One
Sector Software
Buyer(s) Poshmark
Deal Type Add-on Acquisition

Target

Suede One

New York, New York, United States
Suede One is a platform that combines machine learning, computer vision and expert human review to virtually authenticate sneakers. Suede One was founded in 2020 and is based in New York City.

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Buyer(S) 1

Buyer

Poshmark

Redwood City, California, United States

Category Company
Founded 2011
Sector Internet Software and Services
Employees750
Revenue 326M USD (2021)
DESCRIPTION

Poshmark is a social marketplace for new and secondhand styles for women, men, kids, home, and more. Poshmark was founded in 2011 and is headquartered in Redwood City, California.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2021 M&A 1 of 1