4:57:18 PM PST - Wednesday, November 30th, 2022

Custom jeweler Wove bags $3.85M to make engagement ring purchases less stressful  

By Editor - Mon Nov 21, 5:18 am

Wove , an online custom jewelry company, is injecting technology into the engagement ring buying experience to speed up the time it takes to create one-of-a-kind pieces. It’s also doing it with $3.85 million in a new seed funding led by Springdale Ventures. Joining Springdale was a group of investors that included Outlander VC, Rarebreed Ventures, Context Ventures, PenFed Foundation’s veteran entrepreneur-focused investment vehicle VEIP, West Point grads-founded WPMC and Early Light Ventures. West Point classmates and former Army Rangers Andrew Wolgemuth and Brian Elliott started Wove in 2021 after finding they had a knack for designing engagement rings for their fellow service members. They began receiving requests from U.S. consumers and decided to turn their passion into an online engagement ring company. They now help people not only skip what can be awkward trips to the jewelry store, but offer customized wedding rings that can be tried on at home and also created “six times faster than traditional jewelry making.” Wove’s jewelry is made 100% in the United States with ethically-sourced diamonds and 100% sustainable materials. Wove’s customized rings involve a two-week design experience and average $10,000, which CEO Wolgemuth, who grew up in his family’s jewelry store, told TechCrunch is above the national average of $6,000

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Custom jeweler Wove bags $3.85M to make engagement ring purchases less stressful

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