QVentures led the pre-seed financing to support international expansion and product development.
"We are absolutely delighted to have QVentures back us on our mission to help revolutionise how career advice is accessed and to improve social mobility across competitive industries around the world. The backing from QVentures will allow us to expand into new industries, additional geographies and to further develop the product to help accelerate the adoption of this new form of career mentoring."
The investment round was led by Talis Capital with participation from H&M Group Ventures and existing backers.
"At Talis, we partner with founders who are set to redefine their industries with unconventional thinking, and Laced embodies this. We saw the business’ potential from the very beginning and this funding round demonstrates our continued support in becoming the leading marketplace for sought-after sneakers and high end luxury fashion."
The financing round was led by Volition Capital with participation from AXA Venture Partners and Foresight.
"We’re entering an age where every business is becoming a tech company thanks to the value of data and the vital need for digitisation both internally and across all customer-facing operations. Our Series B funding is part of our strategic growth plan to help all organisations – not just those in Silicon Valley – respond to this challenge and, following a successful entry to the market, we’re excited to accelerate our expansion into the US whilst continuing to grow in the UK."
The financing comprises £12.5m in equity and £50m in debt, valuing the business at over £70m.
"We are thrilled to continue to be part of the Yonder journey as young professionals eagerly seek a cutting-edge digital credit card that delivers not only enhanced customer convenience but also genuine relevance. Yonder addresses this need by establishing an exclusive membership club for a community of like-minded individuals. The impressive early engagement metrics are a testament to the exceptional potential Yonder holds."
The pre-seed round features backing from technology executives Jim Hodgkins and Mark Khoury ahead of the platform launch.
"It’s clear the smart money is on companies that not only help consumers live their values, but provide investors with long-term sustainable returns. I’m pleased to be welcoming Jim Hodgkins and Mark Khoury as investors at a hugely exciting time for the company. Canopey is the only platform that rigorously verifies green claims and provides customers data on their shopping in this way."
