About Gemvara
Gemvara is a company based in Boston (United States) founded in 2007 was acquired by Richline Group in April 2016.. Gemvara has raised $56.89 million across 7 funding rounds from investors including Norwest Venture Partners, Canaan and Balderton Capital. The company has 48 employees as of December 31, 2015. Gemvara offers products and services including Custom Order Service. Gemvara operates in a competitive market with competitors including CustomMade, Wove Made, Alexis Russell, Klase and Faubion, among others.
- Headquarter Boston, United States
- Employees 48 as on 31 Dec, 2015
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$56.89 M (USD)
in 7 rounds
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Latest Funding Round
$25.49 M (USD), Series D
Jun 12, 2012
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Investors
Norwest Venture Partners
& 4 more
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Employee Count
48
as on Dec 31, 2015
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Acquired by
Richline Group
(Apr 27, 2016)
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Products & Services of Gemvara
Gemvara offers a comprehensive portfolio of products and services, including Custom Order Service. 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.
Platform for creating and fulfilling personalized product orders
Funding Insights of Gemvara
Gemvara has successfully raised a total of $56.89M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $25.49 million completed in June 2012. 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 7
- Last Round Series D — $25.5M
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First Round
First Round
(06 Jul 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2012 | Amount | Series D - Gemvara | Valuation | Norwest Venture Partners | |
| Mar, 2011 | Amount | Series C - Gemvara | Valuation | Balderton Capital |
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| Apr, 2010 | Amount | Series B - Gemvara | Valuation | Highland Capital Partners , Canaan |
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| 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 Gemvara
Gemvara has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Norwest Venture Partners, Canaan and Balderton Capital. 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 and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Venture capital investment and entrepreneur support services.
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Founded Year | Domain | Location | |
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Canaan is recognized as an early-stage venture capital firm.
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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 Gemvara
| 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 - Gemvara
| 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 |
Gemvara Comparisons
Competitors of Gemvara
Gemvara 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 CustomMade, Wove Made, Alexis Russell, Klase and Faubion, 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 |
Customization for precious jewellery is facilitated via an online marketplace.
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| domain | founded_year | HQ Location |
Customized fast-fashion jewelry is offered online for special occasions.
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| domain | founded_year | HQ Location |
Customized precious jewelry is provided through an online platform.
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| domain | founded_year | HQ Location |
Online store selling customized necklaces, earrings, rings, and anklets directly to consumers.
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| domain | founded_year | HQ Location |
Customized handcrafted precious rings are provided online by Faubion.
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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 Gemvara
Frequently Asked Questions about Gemvara
When was Gemvara founded?
Gemvara was founded in 2007 and raised its 1st funding round 1 year after it was founded.
Where is Gemvara located?
Gemvara is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Gemvara a funded company?
Gemvara is a funded company, having raised a total of $56.89M across 7 funding rounds to date. The company's 1st funding round was a Series B of $5.2M, raised on Jul 06, 2008.
How many employees does Gemvara have?
As of Dec 31, 2015, the latest employee count at Gemvara is 48.
What does Gemvara do?
Gemvara was founded in 2007 in Boston, United States, as an e-commerce platform in the jewelry sector. Custom designs are created through a made-to-order system, allowing combinations of over 1,500 original styles with 26 gemstone and 8 precious metal options. Pieces are handcrafted in the U.S. using just-in-time manufacturing, resulting in more than 1.5 million unique possibilities. Operations focus on personalized fine jewelry accessible via the website gemvara.com.
Who are the top competitors of Gemvara?
Gemvara's top competitors include CustomMade, Wove Made and Alexis Russell.
What products or services does Gemvara offer?
Gemvara offers Custom Order Service.
Who are Gemvara's investors?
Gemvara has 5 investors. Key investors include Norwest Venture Partners, Canaan, Balderton Capital, Richline Group, and Highland Capital Partners.
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