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 Series A round was led by Untitled VC and will support national expansion and technological development.
"This new funding will be used primarily to develop our technology and invest deeply into the complete decarbonisation of our proprietary washing process."
The Series A round was backed by Episode 1, Playfair Capital, and Truesight Ventures, alongside an undisclosed lead investor.
"While talent is evenly distributed around the world, for too long, opportunities have not been. I have experienced first hand the challenge of hiring globally. When I was a CEO attempting to grow a team across different jurisdictions I was dismayed by the baroque complexity and lack of affordable tech-driven solutions."