Online diamond marketplace Nivoda sparkles as valuation soars 11X

Nivoda, the world’s fastest-growing online diamond marketplace, has seen an extraordinary 11X surge in its valuation since 2020, with its share price increasing by 484 per cent since November, according to Beauhurst.

Credit – STUDIO492 / Shutterstock.com

The company, which provides a streamlined platform for global diamond trading, has disrupted the $100+ billion diamond industry by offering a seamless purchasing experience for both natural and lab-grown diamonds.

Nivoda’s platform allows buyers to source diamonds from multiple suppliers in one transaction, hold stones before finalising purchases and showcase inventory digitally using its virtual Nivoda Showroom tool.

Nivoda is part of Cambridge-based investment fund SyndicateRoom’s Access EIS Fund portfolio, which specialises in backing high-growth startups in the UK.

Nivoda CEO and co-founder Dave Sutton highlighted the company’s role in modernising diamond sales.

“The diamond trade is a centuries-old industry that still operates in a very local and fragmented way,” Sutton said. “Providing access to a global supply chain is transforming the business. While we are still in the early stages, our success so far has enabled us to raise investment even in a challenging funding market.”

To date, Nivoda has raised £76.2 million from investors, with key funding milestones including:-

November 2024 – Secured $51m Series C funding
May 2024 – Raised $30 million Series B
May 2023 – Closed Series A at a $55m post-money valuation with an $11m raise
2022 – Launched its credit facility, Nivoda Capital
2020 – Received investment from Access EIS
2017 – Nivoda was founded.

Investor returns and growth potential

The exponential growth of Nivoda has translated into impressive potential returns for early investors. For example, an individual who invested £5,000 in Nivoda in 2020 would see their investment valued at £63,910 today if the company were to exit. As an Enterprise Investment Scheme (EIS) investment, Nivoda shareholders also benefit from:-

30 per cent income tax relief on their initial investment
Capital gains tax deferral for up to three years
Tax-free returns on EIS shares
Exemption from inheritance tax through Business Relief.

SyndicateRoom’s Access EIS Fund specialises in backing high-growth startups in the UK. It’s approach emphasises co-investing with angel investors and building large portfolios to optimise growth potential and minimise risk.

Nivoda is one of a number of companies in the Access portfolio seeing growth exceeding 500 per cent.

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