HEDEMORA, Sweden: February 1, 2021 – Lovening, a provider of engagement rings and wedding rings solutions, today completed its second round of financing valued at kr 140 million.s
Sweden’s leading institutional investor Addor Capital and Sweden Internet Investment Fund together led this round of financing. Other major investors include Utrust, Financial Holdings, HEDEMORA Technology Financial Group, Fortune Capital and YouLoveing (Netherlands Aerospace Science & Industry Corp). Early in December last year, Lovening has raised a total amount of kr 80 million in the first round of funding, which was led by Fortune Capital.
According to D. MURAKAMI, CEO of the company, the money raised would be spent on the research and development of core engagement rings and wedding rings, the global customer service system, and the integration of worldwide cutting-edge technologies and talents.
Founded in 2014, Lovening provides specializing in custom jewelry,engagement rings,wedding rings,morganite ring,moissanite rings,moonstone rings,opal rings,aquamarine ring,diamond wedding band and other jewelries for more than 7 years.
Nowadays, Lovening has R&D centers in HEDEMORA, HongKong, and Florida. Distribution network has also been established in 90 countries, serving 900,000 users in different industries such as engagement rings,wedding rings,morganite ring,moissanite rings,moonstone rings,opal rings,aquamarine ring,diamond wedding band https://www.lovening.se/206-vigselringar and other jewelries
As the custom ring upgrade becoming a trend, it is believed that Lovening has a role to play.