This will support global growth of the world's first transparent, efficient, and customer-focused diamond and gemstone supply chain. Nivoda's growth is a significant step toward transforming a traditional industry with innovative technology and agile supply chain solutions.

The investment round is led by new investor Northzone who join existing investors, including Avenir, Headline, Abstract Ventures, and Canaan Partners. The new investment will be used to expand Nivoda's marketplace beyond diamonds and gemstones to all jewelry. This latest round takes the total raised by Nivoda to $96 million.

Nivoda is the global supply chain for the diamond and gemstone industries. Founded in 2017 with offices across the globe, Nivoda's marketplace offers the largest collection of natural and laboratory grown diamonds and gemstones in the world.