Rares - About the company
Rares is a seed company based in Las Vegas (United States), founded in 2020 by Gerome Sapp and Hector Tantoh. It operates as an Alternative investment platform for sneakers. Rares has raised $5.2M in funding from Techstars and MaC Venture Capital. The company has 14 active competitors, including 5 funded and 1 that has exited. Its top competitors include companies like RTFKT, Endstate and Gritti.
Company Details
Alternative investment platform for sneakers. It enables users to invest in sneakers & own the shares of Nike & HOV. Users can fund & use the wallet for investments that can be accessed via the platform.
- Website
- rares.io
- Email ID
- *****@rares.io
Key Metrics
Founded Year
2020
Location
Las Vegas, United States
Stage
Seed
Total Funding
$5.2M in 2 rounds
Latest Funding Round
Ranked
3rd among 14 active competitors
Employee Count
12 as on May 31, 2026
Legal entities associated with Rares
Rares is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
370 Legacy, Inc. CIN: 851940849 , United States, Active | May 26, 2021 | - | - | - |
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Rares's funding and investors
Rares has raised a total funding of $5.2M over 2 rounds. Its first funding round was on Oct 11, 2021. Its latest funding round was a Seed round on Apr 19, 2022 for $*****. 1 investor participated in its latest round. Rares has 10 institutional investors.
Here is the list of recent funding rounds of Rares:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 19, 2022 | 9348917 | Seed | 7263143 | 9487003 | 6276210 | 6514331 |
Oct 11, 2021 | 8874170 | Seed | 7404144 | 3116519 |
View details of Rares's funding rounds and investors
Rares' founders and board of directors
Founder? Claim ProfileHere are the details of Rares' key team members:
- Gerome Sapp: Founder & CEO of Rares. Contact Info: 1 email address
- Hector Tantoh: Co-Founder/Head of Marketing of Rares.
View details of Rares's Founder profiles and Board Members
Rares' employee count trend
Rares has 12 employees as of May 26. Here is Rares's employee count trend over the years:
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Rares's Competitors and alternates
Top competitors of Rares include RTFKT, Endstate and Gritti. Here is the list of Top 10 competitors of Rares, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | RTFKT 2020, Salt Lake City (United States), Acquired | Brand offering footwear products | $8.12M | 52/100 | |
2nd | Endstate 2021, Boston (United States), Series A | NFT-based trading platform for sneakers | $4.24M | 44/100 | |
3rd | Rares 2020, Las Vegas (United States), Seed | Alternative investment platform for sneakers | $5.2M | 38/100 | |
4th | Online platform for collectible NFT based on sneakers | $1.7M | 33/100 | ||
5th | HypeX 2021, Los Angeles (United States), Funding Raised | NFT-based design contest platform for digital sneakers | - | 32/100 | |
6th | meta 2021, Seoul (South Korea), Seed | Online platform for facilitating the buying and selling and creating NFT collectibles | $1M | 28/100 | |
7th | ShoeFy 2021, San Francisco (United States), Seed | Online marketplace for generating and purchasing shoes-based NFTs | $1.75M | 27/100 | |
8th | HypeSneakrs 2021, Brooklyn (United States), Unfunded | Online marketplace offering sneakers on blockchain technology | - | - | 24/100 |
9th | Resold 2020, Funding Raised | Alternative investment platform for sneakers | - | 22/100 | |
10th | AlwaysLegit 2017, United States, Unfunded | Online alternative investment platform focused on sneakers | - | - | 18/100 |
Looking for more details on Rares's competitors? Click here to see the top ones
Rares's Investments and acquisitions
Rares has made no investments or acquisitions yet.
Reports related to Rares
Here is the latest report on Rares's sector:
News related to Rares
•
Gerome Sapp on building Rares' MVP and raising $5.2 million in venture capitalMogul Millennial•Apr 20, 2022•Rares
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Sneaker Investment App Rares Announces $4 Million Seed Funding Round, Led by MaC Venture CapitalBusiness Wire•Oct 12, 2021•Rares, MaC Venture Capital, Cake Ventures, Evolution VC Partners and 10 others
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