Yorxs AG, a Munich, Germany-based online portal for diamonds and diamond jewelry, raised a seven-figure sum in seed financing.
Backers included High-Tech Gründerfonds and K5 Ventures and other unnamed business angels.
The company intends to use the equity capital to expand operations.
Founded in March 2012 by Dr. Joachim Giehl, CEO, and Casimir Graf Maltzan, CPO, Yorxs offers bulk diamonds and diamond jewelry which have been pre-selected and certified by internationally recognized laboratories such as the Gemological Institute of America (GIA) and the Hooge Raad voor Diamant (HRD).
The company also adheres to the Kimberley process, a complex international monitoring system that ensures that only diamonds with an official certificate of origin are sold.
The online portal currently offers over 170,000 white and over 5,000 colored diamonds in hundreds of different settings for rings, pendants, and earrings.
FinSMEs
09/03/2013