About Blue Nile
Blue Nile is a company based in Seattle (United States) founded in 1999 was acquired by Signet Jewelers in August 2022. It operates as a Direct-to-Consumer (D2C). Blue Nile has raised $7 million across 3 funding rounds from investors including Kleiner Perkins, Bessemer Venture Partners and Lightspeed Venture Partners. Blue Nile offers products and services including Engagement Rings, Wedding Rings, Diamond Jewelry, and Gemstone Jewelry. Blue Nile operates in a competitive market with competitors including AUrate New York, Enchanted Diamonds, Akola, Reign Sapphires and Couple, among others.
- Headquarter Seattle, United States
- Stage Public
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Blue Nile Inc.
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Annual Revenue
$480.06 M1as on Dec 31, 2015
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Net Profit
$10.53 M8as on Dec 31, 2015
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EBITDA
$16.05 M13as on Dec 31, 2015
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Total Equity Funding
$7 M (USD)
in 3 rounds
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Latest Funding Round
$7 M (USD), Series B
Jul 25, 2001
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Investors
Kleiner Perkins
& 10 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Blue Nile
Blue Nile offers a comprehensive portfolio of products and services, including Engagement Rings, Wedding Rings, Diamond Jewelry, and Gemstone Jewelry. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Engagement rings are crafted for proposals and commitments.
Wedding rings are designed for lifelong marital bonds.
Diamond jewelry is offered for various personal styles.
Gemstone jewelry is created with colorful precious stones.
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Leadership Team
67 people
Software Development Team
63 people
Finance and Accounting
31 people
Human Resources and Administration
23 people
Sales and Marketing
21 people
District Team
21 people
Senior Team
20 people
Operations Team
18 people
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Funding Insights of Blue Nile
Blue Nile has successfully raised a total of $7M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $7 million completed in July 2001. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $7.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2001 | Amount | Series B - Blue Nile | Valuation |
investors |
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| Jan, 2001 | Amount | Debt – Conventional - Blue Nile | Valuation |
investors |
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| Apr, 2000 | Amount | Series A - Blue Nile | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Blue Nile
Blue Nile has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Kleiner Perkins, Bessemer Venture Partners and Lightspeed Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Growth stage tech & life sciences focused VC firm funding companies in the US
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage technology and real estate companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Blue Nile
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Blue Nile
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Blue Nile Comparisons
Competitors of Blue Nile
Blue Nile operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AUrate New York, Enchanted Diamonds, Akola, Reign Sapphires and Couple, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Internet first brand offering fine jewellery
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| domain | founded_year | HQ Location |
Functions as an online retailer of diamonds and diamond jewelry.
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| domain | founded_year | HQ Location |
Internet first brand offering handcrafted fashion jewelry
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| domain | founded_year | HQ Location |
Blue sapphire jewelry is ethically sourced and handmade globally.
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| domain | founded_year | HQ Location |
Internet-first brand of precious jewelry for men & women
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Blue Nile
Frequently Asked Questions about Blue Nile
When was Blue Nile founded?
Blue Nile was founded in 1999 and raised its 1st funding round 1 year after it was founded.
Where is Blue Nile located?
Blue Nile is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Blue Nile?
Jennifer Hedges is the current CEO of Blue Nile.
Is Blue Nile a funded company?
Blue Nile is a funded company, having raised a total of $7M across 3 funding rounds to date.
What is the annual revenue of Blue Nile?
Annual revenue of Blue Nile is $480.06M as on Dec 31, 2015.
What does Blue Nile do?
Blue Nile is established as a leading online jeweler since 1999, focusing on engagement rings, wedding bands, and fine jewelry. The company is known for offering ethically sourced diamonds and a wide range of customizable jewelry pieces including earrings, necklaces, and bracelets. Operations are centered on providing high-quality products at competitive prices with expert guidance. Sectors served include personal accessories and luxury goods, with solutions tailored for individual style and significant life events. A commitment to sustainability and responsible mining is maintained throughout their offerings.
Who are the top competitors of Blue Nile?
Blue Nile's top competitors include AUrate New York, Reign Sapphires and Akola.
What products or services does Blue Nile offer?
Blue Nile offers Engagement Rings, Wedding Rings, Diamond Jewelry, and Gemstone Jewelry.
Who are Blue Nile's investors?
Blue Nile has 11 investors. Key investors include Kleiner Perkins, Bessemer Venture Partners, Lightspeed Venture Partners, GE Capital, and Bain Capital Private Equity.