"Nivoda Raises $30M in Series B Funding to Fuel Customer Growth and Expand Global Market"

Nivoda's Series B Funding

Key Highlights:

• Series B Funding: Raised $30 million in Series B funding.
• Investors: Led by Avenir Growth Capital, joined by existing investors Headline and Abstract Ventures, and new investor Canaan Ventures.
• Company Growth: Funds will be used to enhance customer growth, expand the market, increase global outreach, and expand product categories. Nivoda plans to double its team size in the next year.

Nivoda's Target Market

• Target Market: Jewelry businesses, including retailers and wholesalers, looking for a B2B marketplace to strengthen profits, increase efficiency, and accelerate growth.
• Global Jewelry Retailers: Retailers worldwide seeking a platform to source diamonds and gemstones for their jewelry products.
• Jewelry Wholesalers: Wholesalers looking for a marketplace to connect with retailers and expand their customer base.

What Nivoda Needs to Buy

• Technology and Platform Development: Investments in technology infrastructure and platform enhancements to improve user experience and expand marketplace capabilities.
• Marketing and Sales Support: Services to support customer acquisition, marketing campaigns, and sales efforts to attract more retailers and wholesalers to the platform.
• Global Expansion: Resources and partnerships to expand the platform's reach and establish a presence in new markets.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.