Gemvara, a Boston-based custom jewelry site we’ve written about in the past, just announced that it has closed a $25 million Series D funding round. This oversubscribed round was led by Norwest Venture Partners and also includes funds from all existing investors, including Highland Capital Partners, Canaan Partners and Balderton Capital. The company says that it plans to use this new influx of… → Read More
For all the excitement around commerce these days, there have been only a few really big changes in the last 100 years. Sears pioneered the mail-order catalog, chains like Walmart consolidated big box retail, and Amazon brought inventory online. After more than 10 years of growth, e-commerce only accounts for about 8% of total commerce in the US. Clearly, we have a long way to go in moving more… → Read More
Last April we wrote about a $5.2 million funding round raised by Gemvara, a startup that allows you to customize (and order) jewelry online. Since then, things have apparently been going quite well for the company, and it’s making some changes to help spur further growth. I spoke with CEO Matt Lauzon, who told me about the site’s recent progress and some of the changes it’s been making.
First… → Read More
Back in July 2008, we wrote about a company called Paragon Lake that had raised $5.8 million to put kiosks in jewelery stores to help you design custom jewelry. Earlier this year, the company got a new name (it’s now called Gemvara), its CEO departed (it’s now being led by founder Matt Lauzon), and it has a new business model: it’s now a consumer facing site that allows users to create their own… → Read More
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