Moses Rashid, founder and CEO of The Edit LDN, is a man in a hurry. Three years after he launched his high-end sneaker marketplace, Rashid is today announcing that the company has closed a $4.8 million seed funding round. He expects that to drive further rapid growth – he is targeting a $150 million valuation by 2026, and $1 billion within three years of that.
“We have been laser focused on providing a premium service and doing this super fast for anyone buying limited edition sneakers globally,” Rashid says of the company’s progress. That has seen the company’s revenues grow at a rate of more than 500% a year – to around $12 million in 2022.
