a year ago

Nivoda Secures $30 Million in Series B Funding to Expand its B2B Jewelry Marketplace

  • Nivoda, a London-based diamond and gemstone marketplace, has raised $30 million in Series B funding led by Avenir Growth Capital

  • Existing investors Headline and Abstract Ventures participated, alongside new investor Canaan Ventures

  • The funds will be used for customer growth, market expansion, global outreach, and category expansion

  • Nivoda plans to double its team size over the next year.

      • ProblemRetail

      "Jewellery businesses struggle to find reliable and efficient sources of diamonds and gemstones. Sourcing these materials can be time-consuming, expensive, and unreliable, limiting their profitability and growth."

      Solution

      "Nivoda provides a B2B marketplace where jewellery businesses can buy and sell diamonds and gemstones easily and securely. They offer a wide selection of high-quality materials, competitive prices, and streamlined logistics, helping businesses save time and money while increasing their profits and growth."

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