Carats.io

Company Overview

Snapshot

Founded in January 2018 by Avishai Shoushan, Dor Eligula, Gaby Diamant, Or Eligula, and Mor Hazan, Carats.io operated with 11–50 employees. The company raised $1.6 million across one funding round from Net Capital Ventures. In May 2018, Carats.io secured $1.6 million in funding.

Business overview

Carats.io aimed to create a liquid method for exchanging the digital value of diamonds, connecting it with real-world diamond and jewelry industries. The company developed CARAT, a diamond-backed digital currency designed for redemption in the physical diamond market. This token could be used for purchasing diamonds and jewelry, peer-to-peer payments, and as a financing solution within the diamond and crypto sectors. Carats.io operated within the Fintech & Insurtech sector, focusing on Trading & Investing, and utilized Artificial Intelligence and Machine Learning technologies.

Strategic signal

In September 2018, Carats.io signed an agreement with Tradomatics to underwrite its 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 acceptance and operational infrastructure for their blockchain-based diamond exchange platform.

Company Intelligence Q&A

What is Carats.io's primary offering?

Carats.io developed CARAT, a diamond-backed digital currency intended to facilitate a liquid method for exchanging diamonds' digital value with real-world usage and exposure to the diamond and jewelry industries.

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 significant funding event for Carats.io?

In May 2018, Carats.io raised $1.6 million in funding. This round included investment from Net Capital Ventures.

What strategic partnership did Carats.io announce in 2018?

In September 2018, Carats.io signed an agreement with Tradomatics to underwrite its CARAT Token, aiming to enhance the stability and market integration of its digital currency.

What was the operational status of Carats.io?

Carats.io ceased to operate in December 2019, and its status is currently Non Active.