With €10M worth of leads in 2022 (50+ customers) and a €1M pre-money valuation, Von Muziris is looking to raise €250k pre-seed funding from Nordic investors to:
- Product Launch: Fully marketable product by September 2022 and start aggregating customers;
- Go-To-Market in EU (Switzerland, France, Germany), Asia (India) and Africa (Congo) to reach 2500+ customers and €4.5M revenues by 2025;
- Strengthen the team with 2 new sales hires and 2 software developers in India.
Von Muziris is launching a B2B marketplace called Ethically+ by the end of September 2022, to simplify trade for SMEs & brands in the jewelry industry. Their marketplace is powered by Polygon Blockchain. Their clients will include the likes of publicly traded largest jewelry exporter from India (Vaibhav Global Ltd).
In a jewelry market worth €250 Billion (+15% CARG/Year), Von Muziris was founded in 2021 in Espoo, Finland. Von Muziris is monetizing mainly through B2B commission fees charged to jewelry SMEs & brands. Revenue growth is projected at 3-6X YoY, reaching €100 Million by 2028. Von Muziris´s team of 5 combines 50+ years of commercial, international trade in jewelry, and technology expertise.
Key USPs versus competitors are: First end-to-end B2B marketplace for the jewelry industry focused on SMEs, First B2B marketplace in the jewelry industry to enable traceability and mint NFTs, First B2B marketplace in the jewelry industry to focus on impact (SDGs).
Von Muziris has already raised €90k in private capital and grants, including business angels like Amit Ranjan (Co-Founder SlideShare, $100M exit to LinkedIn), to develop its MVP, which means that, after this investment round is secured, Von Muziris is fully ready for international commercial uptake.
Read more in their pitch deck and at: www.ethicallyplus.com
We aim to close this pre-seed round by 30 October 2022. €15k is the minimum investment ticket size.
Get in touch with Marco Torregrossa to find out more.