Funding

[Funding alert] Faraday invests €1.3M to strengthen its position in Valencian Jewellery Brand Singularu

Sep 22, 2023 | By Startuprise

fund for venture capital In order to strengthen its position in the Valencian jewellery brand Singularu, Faraday Venture Partners invests €1.3 million in a buy-and-sell transaction.

The agreement has made it possible for investors who supported the business in its infancy to profit from their exit by multiplying their returns. With the capital infusion, Singularu has reached a significant turning point in its growth and received support for its mission and future prospects.

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"We are very happy and grateful for the trust Faraday has placed in us. Seeing how we have been able to generate value for the investors who have been with us since our inception is an achievement that encourages us to continue on this path. The journey we have made together with them has been long and challenging, and the fact that they continue to trust in the value we bring as a company fills us with the motivation to keep moving forward in this way," says Cristina Aristoy, CEO of Singularu and co-founder of the company.

With 51 points of sale, Singularu, known for being the jewellery brand that appeals to millennials and generation Z, has successfully solidified its position in the national market in recent years. This strategic alliance reaffirms the commitment of both parties while promising exciting future developments for both businesses.

Jaime Biel, Partner at Faraday adds: "Singularu has shown that it understands its customers and what they want, as is reflected in its solid growth over the last few years. On behalf of Faraday we continue to strongly support Singularu's business and we are betting on the excellent evolution of its geographic expansion and reception of its new products".

For investing in cutting-edge startups with sustainable business models, Faraday Venture Partners offers its partners quick access to some of the best opportunities in Europe. Faraday Venture Partners gives its investee companies a solid foundation, rigour, and constant access to new tools and contacts in order to maximise their chances of success.

About Faraday Venture Partners

Faraday Venture Partners was established in 2011 to promote and manage early-stage startup investments for private investors, driven by a passion for business, innovation, and investment.

About Singularu

Singularu is a Spanish jewelry company that sells custom-made jewelry online and in physical stores. The company was founded in 2014. Singularu is also known for its personalized jewelry.

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