Nivoda Raises $51 Million to Expand Jewelry Marketplace
Nivoda, a dynamic and innovative digital marketplace and supply chain service operating in both New York City and London, UK, has successfully raised an impressive $51 million in its latest funding round. This significant financial boost brings the total capital raised by the company to a remarkable $96 million. The latest round of investment was spearheaded by Northzone, a prominent venture capital firm, which now joins the ranks of existing investors such as Avenir, Headline, Abstract Ventures, and Canaan Partners. This influx of capital is set to empower Nivoda as it looks to expand its marketplace offerings beyond just diamonds and gemstones, venturing into the broader realm of all jewelry.
Under the leadership of CEO and co-founder Dave Sutton, Nivoda is establishing itself as a crucial global supply chain platform specifically designed for the diamond and gemstone industries.
The company's mission focuses on providing jewelers with a seamless and efficient way to access an extensive supply of diamonds and gemstones sourced from around the world. By leveraging a sophisticated digital marketplace, Nivoda simplifies the purchasing process for jewelers, allowing them to make informed decisions while minimizing the time and effort typically associated with sourcing their inventory.
Among the multitude of features offered by Nivoda, jewelers benefit from the ability to execute multiple transactions with several international suppliers all within a single interface. The platform boasts a multi-faceted inventory search capability, allowing users to find exactly what they need quickly. Additionally, Nivoda facilitates stone reservations, easy returns, and comprehensive online tracking of orders, shipments, and invoices. This robust suite of tools and services is designed to not only enhance the efficiency of jewelry retailers but also to help them improve their overall sales performance, enhancing their competitive edge in the ever-evolving jewelry market.
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