Le Lézard
Classified in: Business

Impossible Kicks Laces Up $3 Million Series-A Equity Raise

IRVINE, Calif., Sept. 20, 2022 (GLOBE NEWSWIRE) -- Impossible Kicks ("IK" or the "Company") the nation's largest brick and mortar resell brand, today announced the close of a $3 million Series-A equity raise. To date, IK has raised $7M in total funding.

Founded in February 2021, IK ? which buys and sells high-end sneakers and designer "streetwear" apparel ? has scaled quickly and efficiently. The startup luxury goods company operates with zero debt and expects $55+ million in sales in 2022. IK generated $15 million in sales last year.

As of September 2022, the brand supports 15 storefronts across nine states ? including California, Colorado, Connecticut, Florida, Michigan, New Jersey, New York, North Carolina, and Texas. Each location offers a carefully curated shopping experience, including:

This capital will facilitate IK's continued expansion plan across the United States, which includes two new locations prior to the end of the year and nine additional storefronts in 2023. With an unrivaled brick and mortar presence, Impossible Kicks will also augment its ecommerce and digital efforts, including the development of proprietary products.

"We remain focused on delivering that unrivaled, yet easy-to-access shopping experience for all sneakerheads, collectors or casual consumers," said Impossible Kicks Co-Founder and Chief Operating Officer John Mocadlo. "This recent funding gives us more buying power and helps us deliver more offerings to our strategic locations and expanding ecommerce channels."

"Impossible Kicks' continued growth is inspiring ? especially as other businesses and verticals look to retool or modify their approach," said Impossible Kicks Board Member and Strategic Advisor Andre Peschong. "They have tapped into consumers' insatiable appetite for in-store, retail experiences and the importance for reliable, authentic product. The brand and market leading position will only continue to flourish in this new experiential-focused environment."

For more information on Impossible Kicks' please visit impossiblekicks.com or follow the brand on Instagram.

About Impossible Kicks
Established by longtime sneakerhead Wayne Mocadlo in 2021, Impossible Kicks is the nation's largest reseller of high-end sneakers and streetwear. The brand supports 15 storefronts across nine states and an increasing e-commerce presence. Inventory spans a wide variety of men's and women's products including Anti-Social Club, Bape, Essentials, Jordan, Nike, Supreme, and more.

Michael Chavez Booth

These press releases may also interest you

at 09:00
To celebrate 25 years of the Entrepreneurs with Disabilities Program, rural Community Futures organizations across the...

at 07:00
Braun-Bostich & Associates, an SEC Registered Investment Advisor and comprehensive financial planning firm located in greater Pittsburgh, will participate yet again in a Toys for Tots Drive hosted by the Mon Valley Leatherneck Association, the United...

at 03:00
Jus Soli, or birthright citizenship, is a concept that has been applied for centuries throughout various countries. The premise of birthright citizenship is simple; those born within a country's borders are granted direct citizenship. However, in...

at 01:50
Global innovation platform, Plug and Play Japan KK (Japan office: Shibuya-ku, Tokyo, Representative: Phillip Vincent, Hereinafter "Plug and Play Japan") has selected 74 startups from Japan and overseas for the Winter/Spring 2023 Batch accelerator...

2 déc 2022
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Eiger BioPharmaceuticals, Inc. between March 10, 2021 and October 4, 2022, both dates inclusive (the "Class Period"), of the important January 9, 2023...

2 déc 2022
Bark Technologies announced a multi-year MVNO agreement with T-Mobile for T-Mobile to serve as the exclusive nationwide network for the online safety leader's newest product launch ? the all-in-one Bark Phone. The MVNO agreement will provide...

News published on 20 september 2022 at 07:00 and distributed by: