Carats.io

Secondary Diamond Market

Fintech & Insurtech
Non Active, Dec 2019 ceased to operate

Company Overview

Snapshot

Founded in January 2018 by Avishai Shoushan, Dor Eligula, Gaby Diamant, Or Eligula, and Mor Hazan, Carats.io operates with 11–50 employees. The company has raised $1.6M across one funding round from Net Capital Ventures. In May 2018, Carats.io secured $1.6M in Seed funding, marking a significant early milestone.

Business overview

Carats.io is a Fintech & Insurtech company focused on creating a liquid market for diamonds. The company develops the CARAT Token, a diamond-backed digital currency designed to facilitate the exchange of diamonds' digital value with real-world usage. This technology serves the diamond and jewelry industries by providing a stable asset linked to a physical commodity, enabling peer-to-peer payments, and offering financing and banking solutions within the diamond and crypto sectors.

Strategic signal

In September 2018, Carats.io signed an agreement with Tradomatics to underwrite the CARAT Token. This strategic partnership was crucial for establishing the credibility and stability of their diamond-backed digital currency, signaling a move towards broader market adoption and institutional validation within the cryptocurrency and diamond trading sectors.

Company Intelligence Q&A

What is Carats.io's primary business?
Carats.io is building a liquid method to exchange diamonds' digital value with real-world usage and exposure to the diamond and jewelry industries, primarily through its CARAT Token.
When was Carats.io founded and by whom?
Carats.io was founded in January 2018 by Avishai Shoushan, Dor Eligula, Gaby Diamant, Or Eligula, and Mor Hazan.
What was a key partnership for Carats.io in 2018?
In September 2018, Carats.io signed an agreement with Tradomatics to underwrite the CARAT Token, enhancing its market presence and operational capabilities.
What was Carats.io's last disclosed funding event?
In May 2018, Carats.io raised $1.6M in Seed funding. This round included investment from Net Capital Ventures.
What is the CARAT Token?
The CARAT Token is a diamond-backed digital currency developed by Carats.io that can be redeemed in the real-world diamond market and used for purchases, peer-to-peer payments, and financing solutions.

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