Liquid Diamonds Raises $1.1M for its B2B Diamond Sourcing Platform – AlleyWatch
Summary
Sellers on the platform are diamond-cutting and polishing companies in India, Antwerp, Hong Kong, and Dubai.There are over $200B of diamonds traded globally every year. With the new raise, Liquid Diamonds plans to expand its offerings to jewelry retailers across the United States.What was the funding process like?Donna Redel and Seth Masters of the New York Angels have been mentoring us for a couple of years. / What are the milestones you plan to achieve in the next six months?Liquid Diamonds is focusing on expanding its offering to jewelry retailers across the United States. The United States constitutes over 40% of global diamond consumption in a market that does over $200B in trading volume per year.What advice can you offer companies in New York that do not have a fresh injection of capital in the bank?Focus on building a product that your customers love. There is enough capital for good teams to build great products.Whats your favorite restaurant in the city?Milk & Roses in Greenpoint and BCD Tofu House in Korea Town.You are seconds away from signing up for the hottest list in NYC Tech!