As Investors See Growth, Gembridge Raises US$500,000 in Second Fully Funded Round of Financing
AS INVESTORS SEE GROWTH, GEMBRIDGE RAISES US$500,000 IN SECOND FULLY FUNDED ROUND OF FINANCING
July 20, 2021
Digital coloured gemstone trading platform Gembridge is delighted to announce that it has raised US$500,000 from professional investors in a second fully funded round of Convertible Note financing, paving the way for further developments that will enable it to process up to $1 billion in transactions each year.
This is Gembridge’s second successful round of financing. It held its first round in July 2020, also raising US$500,000 in Convertible Notes. The investment attracted key players in the coloured gemstone industry.
The second round is being taken up exclusively by professional investors and family offices in London, Geneva, Bangkok, Singapore and Hong Kong.
The dollar value of listings, requests and transactions on the Gembridge platform is up 333 percent year-on-year since the start of 2021. Over 80% of visitors each month are new to the site, covering all the top markets, with the highest number of visitors from the USA, Thailand, UK, Brazil, India, Sri Lanka, China and Hong Kong.
“We are delighted with this new level of support from professional investors,” said Gembridge CEO Nick Marrett. “It demonstrates that Gembridge is presenting a vision, business model and company growth that is turning heads in the investment markets around the world. The markets are excited by us setting new standards for affordability and transaction security while delivering universal global access to high-quality coloured gemstones.”
“These new proceeds are now being used to develop an enterprise level platform that will deliver world-class levels of personalised engagement and gemstone discovery, and will have the ability to process up to $1 billion in transactions each year across the trade and consumer markets.”
Tony Brooke, Chairman of Gembridge, added, “Investors are delighted by the surge of transactions on Gembridge, with Members appreciating the range of affordable, gem quality stones available. Our recent sales include a stunning 10.81 ct imperial topaz, a 7.78 ct oval green sapphire, a 2.06 ct pair of red spinels, and a lovely 1.06 ct padparadscha sapphire.”
Gembridge plans further fund raising with multi-million-dollar Series A and B Rounds already scheduled in 2022 and 2023 respectively.
Gembridge is helping to pioneer the digital transformation of the coloured gemstone trade. It provides a global marketplace for members to buy, sell and consign, via a secure, verified and insured door-to-door service.
Today Gembridge welcomes trade members from 48 countries and is represented by 16 Ambassadors with Hubs in New York, Los Angeles, Chattanooga, Minas Gerais, Bogota, London, Geneva, Munich, Nairobi, Beirut, Jaipur, Colombo, Bangkok, Singapore, Shanghai and Sydney.
Gembridge is a commercial member of CIBJO, and is a member of the International Colored Gemstone Association (ICA) and the Responsible Jewellery Council (RJC.)
Gembridge is regulated by Singapore’s Ministry of Law for purposes of anti-money laundering and countering the financing of terrorism, in cooperation with the Financial Action Task Force (FATF).
Members of the trade are invited to register for Gembridge, free of charge, to join an exclusive membership with other respected industry players.
Once you complete the member verification process, you can view all prices, buy from our Showcase and list coloured gemstones on your own exclusive Shopfront.
We look forward to helping you TRADE WITH TRUST™.
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