Laced, a UK-based resale marketplace for authenticated premium sneakers, raises $12M
U.K.-based sneaker marketplace Laced has raised $12 million in a Series A round of funding, adding to the $1 million it raised 3 years ago.
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U.K.-based sneaker marketplace Laced has raised $12 million in a Series A round of funding, adding to the $1 million it raised 3 years ago.
Over a decade of low interest rates has resulted in a number of assets rising in value. The rich have invested in art, securities, wine, real estate, vintage cars, and now, it seems, old sneakers. Sneakers are the next investment asset. According to a report by Deutsche Welle, the price of old sneakers has skyrocketed in recent months, with Nike and Adidas, the world’s greatest sneaker brands, especially in demand.
Can old sneakers really be a legitimate investment? Many online resellers and even one of the oldest and biggest auctions houses in the world think so. Recent astronomical prices may prove them right.
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