Limited Edition footwear and streetwear business The Edit LDN to raise £3m funding round

Limited edition footwear and streetwear business The Edit LDN is set to raise £3m in 2021, as it targets expansion into the US and South East Asia markets.

What happened

Popular with royalty, celebrities and footballers, The Edit LDN is an online consignment store that sells new and pre-loved goods from a variety of brands including Yeezy, Jordan, Louis Vuitton, Dior, Off-White, Supreme, Fear of God among others to a wide community of fashionistas, collectors and investors.

Why it matters

Through partnerships with styling services such as Thread.com and various concierge companies, The Edit LDN has expanded its community of buyers from TV and film celebrities to professional footballers and royal families around the world.

The business has already raised £300,000 in less than a week and expects to hit its £3m before the end of the summer.

Moses Rashid, founder and CEO of The Edit LDN commented: “We’re already in hyper growth mode and just 18 months old as a company. We’re delivering on our brand experience and our customers around the world are enjoying the journey. We’re keen to build on this and get to places where demand is greatest and showcase the awesome experience the team have built from London. I am amazed how quickly we hit £300,000 and I am sure we will get to the £3m target very quickly”.

This news brief is based on reporting published by TheIndustry.fashion on 2021-07-12. The original report is linked below.