🌍 Investment Details
"Nivoda has secured $30M in Series B funding, led by Avenir Growth Capital with participation from Headline, Abstract Ventures, and newcomer Canaan Ventures. This investment aims to enhance Nivoda's position in the jewelry market," stated Taylor Brandt from Headline.
📈 Growth Trajectory
"In December 2023, we saw our revenue grow 140%, and our consumer base increased by 162%," shared CEO David Sutton. "Our order count also surged by 124%, showing strong market demand and customer retention."
🚀 Future Plans
"With the new funding, we plan to expand further globally, enhance customer experience, and develop new product categories. Initiatives like Nivoda Express, which offers faster delivery, and Memo/Appro service are part of our growth strategy," Sutton added.
🔮 Vision for the Future
"Our goal is to become the one-stop shop for jewelers globally. The team will double in size within a year to support these ambitious plans," stated Sutton, reflecting on the strategic importance of the funding and upcoming innovations in service and delivery.
What's next for Nivoda after this funding?
