Nivoda funding news – London-based Nivoda has Raised €48.4 Million in Latest Funding

Nivoda CEO and co-founder Dave Sutton said, “The diamond trade is a $100+ billion industry that still operates in a very local and fragmented way. Providing access to a global supply chain is transforming a centuries-old business. The success of this transformation, although we’re still at the early stages, has allowed us to raise investment this year in a challenging funding market, This investment is a testament to the hard work of our team and the trust that our partners and customers place in us.”

Funding Utilisation

With the new funding, it plans to expand beyond diamonds by launching a marketplace for gemstones and jewelry, improving the traditional, fragmented supply chain.

Read also - Taito.ai funding news - Helsinki-based Taito.ai has Secured €2.5 Million in Seed Funding

The platform already offers jewelers access to a vast collection of natural and lab-grown diamonds helping retailers simplify their purchasing with advanced inventory searches stone reservations easy returns and online order tracking. This streamlined process provides a competitive advantage by addressing key challenges in the diamond trade.

Sanjot Malhi, partner at Northzone said, “Nivoda has quickly emerged as a category-defining company that powers small retailers around the world. Nivoda is building a truly pioneering technology platform that creates value for all stakeholders across the ecosystem including consumers, suppliers, and retailers. We had the privilege of getting to know Dave and the team for over a year prior to investment and are very excited to partner with them on this journey,".

With this funding, it is set to grow further, operating from its headquarters in London and New York.

About Nivoda

Nivoda's mission is to simplify global jewelry trade by providing partners with an all-in-one platform to manage and expand their businesses.