Venture capital firm PJC will now hold a minority stake in the company
PJC has made a “significant investment” in Cranston, R.I.–based jewelry brand Luca + Danni.
The Boston-based venture capital firm will now hold a minority stake in the company. Other terms of the deal were not disclosed.
PJC’s site does not list any other jewelry brands in its portfolio.
“We fully embrace [Luca + Danni’s] vision and are committed to helping them grow as they advance their brand nationally,” said David Martirano, PJC managing partner, in a statement.
Luca + Danni, which specializes in top-of-the-wrist bracelets, was founded in 2014 following the death from leukemia of Danny Magnanimi, the younger brother of founder and CEO Fred Magnanimi. The brand is currrently sold in 800 U.S. retailers.
(Photo courtesy of Luca + Danni)