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Nivoda, Liquid Diamonds Receive Funding

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Two online diamond and jewelry marketplaces—Nivoda and Liquid Diamonds—have received funding from backers.

Nivoda, a business-to-business marketplace, just raised $30 million in a Series B round led by Avenir Growth, according to Axios.

Avenir was joined by investors Headline Ventures, Abstract Ventures, and Canaan Ventures—which had all previously provided funding for Nivoda—said the Axios report, quoting Nivoda CEO David Sutton.

Liquid Diamonds, another trading platform connecting retailers and suppliers, announced today that it just received $1.3 million.

The money came from some members of the New York Angels—a “group of New York City-based financiers who believe the diamond industry has been left behind compared to other industries,” according to a Liquid Diamonds statement.

New York Angels member Donna Redel, an early investor in Liquid Diamonds, will join the company’s board of directors.

(Photo: Getty Images)

 

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By: Rob Bates

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