About Wove Made
Wove Made is a company based in Lancaster (United States) founded in 2021 by Drew Wolgemuth and Brian Elliott.. Wove Made has raised $3.85 million across 2 funding rounds from investors including Springdale Ventures, Outlander VC and RareBreed Ventures. Wove Made offers products and services including Bespoke Designs, Engagement Rings, Fine Jewelry, and Wedding Bands. Wove Made operates in a competitive market with competitors including CustomMade, Gemvara, Alexis Russell, Klase and Tangerine Jewelry Shop, among others.
- Headquarter Lancaster, United States
- Founders Drew Wolgemuth, Brian Elliott
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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
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- Legal Name Wove Made Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.85 M (USD)
in 2 rounds
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Latest Funding Round
$3.72 M (USD), Debt – Conventional
May 30, 2023
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Investors
Springdale Ventures
& 6 more
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Employee Count
Employee Count
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Products & Services of Wove Made
Wove Made offers a comprehensive portfolio of products and services, including Bespoke Designs, Engagement Rings, Fine Jewelry, and Wedding Bands. 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.
Service for creating personalized jewelry pieces through online tools.
Collection of rings designed for engagements and special occasions.
Range of high-quality jewelry items for everyday or formal wear.
Selection of bands tailored for wedding and commitment ceremonies.
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Funding Insights of Wove Made
Wove Made has successfully raised a total of $3.85M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $3.72 million completed in May 2023. 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 2
- Last Round Debt – Conventional — $3.7M
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First Round
First Round
(21 Nov 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Debt – Conventional - Wove Made | Valuation |
investors |
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| Nov, 2022 | Amount | Seed - Wove Made | Valuation | Springdale Ventures |
| 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 Wove Made
Wove Made has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Springdale Ventures, Outlander VC and RareBreed Ventures. 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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Springdale Ventures is engaged in funding transformative consumer brands.
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Founded Year | Domain | Location | |
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Venture capital is provided to tech companies by Outlander VC.
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Founded Year | Domain | Location | |
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RareBreed Ventures is focused on pre-seed investments for founders.
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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 Wove Made
| 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 - Wove Made
| 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 |
Wove Made Comparisons
Competitors of Wove Made
Wove Made 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, Gemvara, Alexis Russell, Klase and Tangerine Jewelry Shop, 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 |
Custom fine jewelry is crafted and sold online.
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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 |
Runs a direct-to-consumer brand specializing in multi-category handcrafted precious jewelry.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Wove Made
Frequently Asked Questions about Wove Made
When was Wove Made founded?
Wove Made was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Wove Made located?
Wove Made is headquartered in Lancaster, United States. It is registered at Lancaster, Pennsylvania, United States.
Who is the current CEO of Wove Made?
Drew Wolgemuth is the current CEO of Wove Made. They have also founded this company.
Is Wove Made a funded company?
Wove Made is a funded company, having raised a total of $3.85M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.85M, raised on Nov 21, 2022.
What does Wove Made do?
Wove Made was founded in 2021 in Lancaster, United States, as an internet-first brand in the fast-fashion jewelry sector. Rings and bands for engagements, weddings, and anniversaries are included in its product catalog. Pre-designed options are provided, alongside customization services tailored to specific occasions. Operations are led by co-founders Drew Wolgemuth, serving as CEO, and Brian Elliott.
Who are the top competitors of Wove Made?
Wove Made's top competitors include CustomMade, Gemvara and Alexis Russell.
What products or services does Wove Made offer?
Wove Made offers Bespoke Designs, Engagement Rings, Fine Jewelry, and Wedding Bands.
Who are Wove Made's investors?
Wove Made has 7 investors. Key investors include Springdale Ventures, Outlander VC, RareBreed Ventures, Context VC, and PenFed Credit Union.
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