NTWRK

NTWRK

Mobile video shopping platform for exclusive products

About NTWRK

Simplify's Rating
Why NTWRK is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Consumer Goods

Entertainment

Company Size

11-50

Company Stage

Late Stage VC

Total Funding

$60M

Headquarters

Los Angeles, California

Founded

2018

Overview

NTWRK is a mobile-first video shopping platform that combines entertainment with e-commerce, offering exclusive access to limited-edition products from well-known artists and brands. It targets consumers passionate about art, collectibles, fashion, and music, providing unique experiences through exclusive product drops and virtual events. NTWRK stands out by creating excitement around its releases, fostering a community of engaged users. The company's goal is to merge shopping with entertainment, appealing to trendsetters and collectors.

📈
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • NTWRK's acquisition of Complex aims to create a superfan hub for music and culture.
  • Collaborations with celebrities like Jamal Murray boost brand visibility and consumer engagement.
  • The rise of live-stream shopping events increases NTWRK's appeal to younger audiences.

What critics are saying

  • Integration of Complex may divert focus from NTWRK's core operations.
  • Over-reliance on celebrity endorsements can be volatile and affect brand perception.
  • Rapid expansion may strain NTWRK's financial resources and operational capacity.

What makes NTWRK unique

  • NTWRK combines entertainment and e-commerce, offering exclusive product drops and live events.
  • The platform targets Gen Z and Millennials with a mobile-first video shopping experience.
  • NTWRK's partnerships with celebrities and brands enhance its unique shopping model.

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Funding

Total Funding

$60M

Above

Industry Average

Funded Over

2 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

4%

1 year growth

-9%

2 year growth

6%
Knitting Industry
Mar 18th, 2024
Byborre launches Mission:Failed

Byborre has partnered with NTWRK, a live video shopping platform, to showcase and sell Mission:Failed products.

Tubefilter
Feb 22nd, 2024
Ecommerce platform NTWRK acquires Complex from BuzzFeed in $108.6 million cash deal

Ecommerce platform NTWRK acquires Complex from BuzzFeed in $108.6 million cash deal.

Celebrity Access
Feb 22nd, 2024
UMG, Jimmy Iovine Backed NTWRK Buys Complex To Build A Superfan Hub

(Hypebot) - UMG and Jimmy Iovine-backed live-video shopping platform NTWRK will acquire media company Complex to create a music and culture superfan destination.

Deccan Herald
Feb 22nd, 2024
BuzzFeed sells Complex to video shopping app NTWRK in $109 mn deal

BuzzFeed sells Complex to video shopping app NTWRK in $109 mn deal.

The Wrap
Feb 21st, 2024
BuzzFeed Sells Complex to Commerce Platform Ntwrk

Growing commerce platform Ntwrk has acquired Complex from BuzzFeed for $108.6 million in an all-cash deal on Wednesday.

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