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Custom Jewelry Company, WOVE, Raises $3.85 Million in Venture Capital Funding November 28, 2022 (0 comments)

WOVE jewelry piece

Lancaster, PA--WOVE, the online custom jewelry company that helps couples build exact replicas before delivering high-end engagement rings, announced in a news release the closing of $3.85 Million in seed funding led by Springdale Ventures.

[Image via WOVE]

Other investors participating in this round include Outlander VC; Rarebreed Ventures; Context Ventures; VEIP, a veteran entrepreneur-focused investment vehicle launched by PenFed Foundation; West Point grads-founded WPMC; and Early Light Ventures.

WOVE was founded by two West Point classmates and former Army Rangers, Andrew Wolgemuth and Brian Elliott, after the duo initially helped their fellow service members stationed overseas design customized engagement rings. As they began receiving requests from U.S. domestic customers, who wanted the same personalized experience, Wolgemuth and Elliott discovered most people love the idea of an online engagement ring company that helps them skip the often intimidating and impersonal jewelry store experience while receiving the benefit of being able to try the ring on at home physically.

"At Wove, we listen to our clients' preferences, and are launching unique features to serve them well beyond our custom at-home try-on experience," Brian Elliott, Co-Founder of WOVE, said in the news release. "We have successfully created a curated design process where we match couples with a world-class in-house jewelry designer, who specializes in their aesthetic, to co-design a customized ring made with high-quality diamonds and 100% sustainable materials."

"Engagement ring shopping is usually the first joint decision among many modern couples, and we believe it should be a celebratory experience. Although the ring is not a surprise, the proposal still is," said Andrew Wolgemuth, co-founder and CEO of WOVE, who grew up working in his family's brick-and-mortar jewelry store. "We are thrilled to partner with a group of world-class investors to accelerate our business to a whole new level, continuing to deliver the perfect ring for couples through an enjoyable, stress-free process."

Learn more about the deal in the entire release.

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