LONDON – Nivoda, a B2B diamond marketplace redefining how jewellers source and sell diamonds, has announced the successful completion of a funding round of over $50 million, led by Northzone, who join existing investors Avenir, Headline, Abstract Ventures and Canaan Partners.
This landmark investment will drive the expansion of Nivoda’s global diamond supply chain network and the development of cutting-edge tools that empower jewellers worldwide.
“The diamond trade is a $100+ billion industry that still operates in a very local and fragmented way. Providing access to a global supply chain is transforming a centuries-old business.
“The success of this transformation, although we’re still at the early stages, has allowed us to raise investment this year in a challenging funding market,” said Nivoda CEO and co-founder Dave Sutton.
“This investment is a testament to the hard work of our team and the trust that our partners and customers place in us.”
Sanjot Malhi, partner at Northzone, added: “Nivoda has quickly emerged as a category-defining company that powers small retailers around the world.
“Nivoda is building a truly pioneering technology platform that creates value for all stakeholders across the ecosystem including consumers, suppliers, and retailers.
“We had the privilege of getting to know Dave and the team for over a year prior to investment and are very excited to partner with them on this journey.”
Founded in 2017, Nivoda addresses critical inefficiencies in the diamond supply chain.
By combining advanced technology with hands-on industry expertise, the company provides jewellers with access to millions of diamonds, seamless logistics, and transparent pricing.
Nivoda is the trusted partner for thousands of jewellers, empowering them with solutions that simplify sourcing, optimise inventory, and enable them to meet customer demands confidently.
