Funding

[Funding alert] London-based Finematter Secures €2.6 million seed Funding

Sep 26, 2023 | By Startup Rise EU

The second close of Finematter's seed round has been successfully declared, bringing the total amount of funds raised to €2.6 million. The jewelry sector is being revolutionized by Finematter, a circular marketplace.
Caroline Chalmer, Co-Founder & CEO - Finematter

The second close of Finematter's seed round has been successfully declared, bringing the total amount of funds raised to €2.6 million. The jewelry sector is being revolutionized by Finematter, a circular marketplace.

Heini Zachariassen (Vivino), Christine de Wendel (Zalando/Sunday), Jeppe Rindom (Pleo), Dino Patti (Playdead/Jumpship), Peder Michael Pruzan-Jrgensen (Pandora's Sustainability board), and existing shareholder Heartcore Capital are among the notable angel investors who contributed to the seed round, which included a further 46% female investors.

Read also - Austrian Foodtech Startup Kern Tec Secures €12 million Series A Round Funding

In besides providing Finematter significant financial support, their help also strengthens the company's standing by providing invaluable expertise from seasoned professionals.

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Famous tech entrepreneurs and seasoned executives selectively backed the round, supporting Finematter's mission to promote transparency and circularity in the jewelry sector.

Read also - London-based SaaS platform Cygnetise Raises €2.9 million pre-Series A Round Funding

Finematter's founder and CEO, Caroline Chalmer said, "We are incredibly grateful and happy to have the support of such a fantastic collection of investors. They share our conviction that we have a rare opportunity to establish a category-defining business that will serve as a model for a truly circular business model and benefit the thousands of independent jewelers.

Read also -  Invest-NL backs Climate-First Fund Extantia Capital

With the aid of this money, we will be able to enhance our platform, expand our network of jewelers, and make a long-lasting effect on the the circularity of the jewelry business.

About Finematter

The platform for all thing jewellery is called Finematter. The company, which has its headquarters in London, UK, was established in 2021 and gives consumers exposure to the finest jewelers in the world who are all authorized by Finematter so that they can order, repair, redesign, and recycle actual jewelry.

As part of its dedication to circular principles, the platform provides digital certificates for each piece of jewelry it transacts, allowing for the documentation of a piece's whole life cycle.

Read also - London-based Dawn Capital Secures $700million For B2B Software Fund

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