Fundraising Fox

Nivoda Limited

Entrepreneur First '18

London, GB Β· Founded 2018 Β· 8 known investors

nivoda.com β†—

Nivoda operates a B2B marketplace for the jewellery trade, letting businesses source diamonds, lab grown diamonds, and gemstones while handling the operational side of sourcing. It also offers a credit facility ("Nivoda Capital") and serves jewellery businesses globally with offices in multiple regions.

Also known as Nivoda Β· World Diamond Centre Ltd Β· World Gem Centre Ltd

B2B MarketplacesE-commerceFintechLogistics & Supply ChainRetail Tech

Founders & leadership

Nivoda Limited was founded in 2018 by David Sutton and Andre Woons.

DS
David SuttoninCEODavid has spent his entire career in the diamond and jewelry trade, having lived in and operated businesses across South Africa, Hong Kong and the United Kingdom. He now applies that industry experience as CEO of Nivoda.
AWAndre Woons
Andre WoonsinCTOAndre brings more than a decade of software engineering experience to his role directing Nivoda's technical strategy and platform development. His work centers on building global trading infrastructure for the jewelry sector, streamlining how stones are searched for, purchased, shipped and paid for.

Investors Β· 8

Also in the syndicate Β· 1

i80 Grouplead

Company profile

researched Aug 2026

Nivoda Limited operates a business-to-business online marketplace that connects jewelry retailers with a global network of vetted diamond and gemstone suppliers. The platform lists natural and lab-grown diamonds, more than 40 gemstone varieties, melee in a range of sizes, colors and clarities, and made-to-order finished jewelry; the company's own site cites around 2 million natural and lab-grown diamonds, and a secondary analysis reports inventory of nearly 2 million diamonds and gemstones sourced from suppliers in more than 60 countries [0][5].

Beyond listings, Nivoda manages the operational layer of a transaction: quality control, logistics, customs and paperwork, consolidated shipping and a single consolidated invoice in the buyer's local currency, plus risk-free returns and express delivery options currently offered in the US, Canada and Europe [0][5]. Retailer-facing tools include an in-store "Virtual Showroom" that displays the full catalogue via 360-degree video without holding inventory, API-based diamond and gemstone feeds for retailer websites, and Nivoda Connect for Shopify merchants [0]. A mobile app provides diamond search, information requests on specific stones, ordering, order history and push notifications for both buyers and sellers [3].

The company is registered in England and Wales under company number 10736332, incorporated on 24 April 2017 under the name World Gem Centre Ltd, renamed World Diamond Centre Ltd in October 2017 and Nivoda in June 2018; its registered office is at Suite 202, 100 Hatton Garden, London EC1N 8NX and its SIC classification is wholesale of watches and jewellery [1][4].

Founding story

The company describes itself on its website as jeweler-founded [0]. Companies House records show it was incorporated on 24 April 2017 as World Gem Centre Ltd by founding director David Robert Sutton, with Andre Rudolph Johannes Woons appointed in January 2018 [1][6]. Entrepreneur First GP Limited was a person with significant control from February 2018 to August 2020 [7]. A secondary analysis instead gives a founding year of 2019 [5].

Business model

Nivoda intermediates between jewelry suppliers and jewelry retailers/trade buyers on a marketplace basis: buyers order from multiple suppliers in one transaction, and Nivoda handles quality control, consolidated shipping, customs, paperwork and a single consolidated invoice [0][5]. Registration for an account is required and is conditional on KYC/KYB and AML checks, with users confirming they act on behalf of a bona fide business in the jewellery trade [4]. Flexible payment terms (for example 30 to 60 days, subject to approval) are extended to buyers, supported by a financing facility and embedded-finance partnerships [0][5].

Sources describe transaction-based marketplace intermediation with consolidated invoicing to buyers and extended payment terms, but do not state commission rates, fees or subscription pricing [0][5].

Traction

The website states more than 10,000 jewelers use the platform and cites around 2 million natural and lab-grown diamonds listed [0]. The Android app shows 10,000+ downloads [3]. A secondary analysis reports nearly 2 million diamonds and gemstones from suppliers in over 60 countries [5]. No revenue or transaction-volume figures are disclosed in the sources.

Latest developments

Nivoda's terms and conditions were published as version 1.0 dated January 2026 [4]. Recent blog content focuses on Nivoda Connect for Shopify and positioning retailers for AI-native or "agentic" shopping following ChatGPT's Shopping Research release [0]. The Android app was last updated 9 June 2026 [3]. A third-party analysis dated 11 August 2026 reports a $60 million financing facility from i80 Group for embedded trade credit and a prior $30 million Series B for working capital [5].

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned as a B2B sourcing marketplace and, per its app listing, an "operating system for the global diamond trade" [3]. A secondary analysis characterises the company as aiming to be a one-stop shop or "Amazon" of the global jewelry market, notes an emphasis on the U.S. market (described as roughly 60% of global diamond market share and the largest part of Nivoda's business), and cites relationships with certification bodies GIA and IGI as trust signals [5].

Sources point to breadth of aggregated supply (roughly 2 million stones from suppliers in 60+ countries), consolidation of multi-supplier orders into a single shipment and invoice in local currency, in-house quality control and management of logistics, customs and paperwork, zero-inventory showcasing tools (virtual showroom and API feeds) that let retailers sell stones they do not hold, embedded trade credit with 30-60 day terms, risk-free returns and 24-hour support [0][5].

Technology

A web platform and API sit at the core: diamond and gemstone search with filters, automated ordering, API-driven inventory feeds for retailer websites, a Shopify integration (Nivoda Connect), 360-degree video assets used in the in-store virtual showroom, and native mobile apps offering search, information requests, checkout, order history and push notifications [0][3]. Secondary analysis describes a digital-first operating approach using platform software and process automation [5].

Go-to-market

Free self-service sign-up for jewelers alongside scheduled product demos and a schedule-a-call form, supported by 24-hour customer support and a content/blog program targeting jeweler e-commerce topics such as Shopify SEO and AI-driven shopping [0][2]. Distribution is extended through retailer-side embedding: website inventory feeds, the Shopify app integration and the in-store virtual showroom place Nivoda's catalogue inside partner retailers' own sales channels [0].

Jewelry retailers, jewelers and other trade businesses; the website states more than 10,000 jewelers can join for free, and terms restrict accounts to entities engaged in a bona fide jewellery-trade business [0][4]. Named customer references include Purely Diamonds, SP Green & Co and Harmony Jewels [0].

Geography

Headquartered and registered in London (Suite 202, 100 Hatton Garden, EC1N 8NX) [1][3][4]. A secondary analysis reports offices in London, New York and Antwerp and supplier coverage across more than 60 countries [5]. Express delivery is currently offered in the US, Canada and Europe [0], and directors' correspondence addresses span the UK, the Netherlands and the United States [6].

History

The company was incorporated in England and Wales on 24 April 2017 as World Gem Centre Ltd, renamed World Diamond Centre Ltd on 18 October 2017, and adopted the Nivoda name on 27 June 2018 [1]. David Robert Sutton was appointed director on incorporation in April 2017 and Andre Rudolph Johannes Woons in January 2018; both were registered as persons with significant control holding more than 25% but not more than 50% until 19 October 2022, when the company filed a statement that it knows of no registrable person [6][7]. Entrepreneur First GP Limited was recorded as a person with significant control with significant influence or control from 7 February 2018 until 18 August 2020 [7]. Later board additions were Mathias Schilling (October 2022), Andrew Sugrue (October 2023) and Sanjot Malhi (September 2024); Bas Johannes Lustenhouwer served as a director from May 2021 to October 2022 [6].

Risks & controversies

No controversies are reported in the sources. The terms and conditions note operational and compliance constraints: access is conditional on KYC/KYB and AML compliance, Nivoda may reject, suspend or terminate customer access without justification where legal, regulatory, reputational, financial or operational risk arises, and the company disclaims liability for website or service unavailability [4]. Credit terms are subject to approval and express delivery is limited to certain regions [0]. Note also that a secondary aggregator source states a 2019 founding date, which conflicts with the 2017 incorporation record at Companies House [1][5].

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Android app downloadsJun 202610,000 downloads
Buyer payment termsAug 202630 to 60 days, subject to approval
Diamonds and gemstones listedAug 20262,000,000 listings
Diamonds listed (natural and lab grown)Jan 20262,000,000 listings
Financing facility sizeAug 2026$60M
Gemstone varieties offeredJan 202640 varieties
Jewelers on platformJan 202610,000 jewelers
Number of company officersJan 20266 officers
Supplier countries coveredAug 202660

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Founder mafia

2 people who came through Nivoda Limited went on to found or lead other companies.

Competitors Β· 3

by search overlap

Companies competing with Nivoda Limited for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 10

launches, deals, and filings
Aug 2026
$30 million Series B reported

A secondary analysis reports Nivoda raised $30 million in a Series B round to increase working capital; the announcement date is not stated in the source.

$30M source β†—

Aug 2026
$60 million financing facility from i80 Group reported

A secondary analysis reports Nivoda secured a $60 million financing facility from i80 Group to provide embedded trade credit and flexible payment options to jewelers on its platform.

$60M source β†—

Jan 2026
Nivoda Connect for Shopify highlighted

Company blog content describes Nivoda Connect as an integration designed to work within Shopify rather than a separate system, alongside posts on positioning retailers for AI-native/agentic shopping.

source β†—

Sep 2024
Sanjot Malhi appointed director

Sanjot Malhi (Indian nationality, resident in the United Kingdom) appointed as a director.

source β†—

Oct 2023
Andrew Sugrue appointed director

Andrew Sugrue (American, New York correspondence address) appointed as a director.

source β†—

Oct 2022
Mathias Schilling appointed director

Mathias Schilling (German nationality, resident in the United States, San Francisco correspondence address) appointed as director; on the same date Bas Johannes Lustenhouwer resigned and the founders' PSC registrations ceased.

source β†—

Jun 2018
Renamed Nivoda Limited

Companies House records the change from World Diamond Centre Ltd to the current name on 27 June 2018.

source β†—

Feb 2018
Entrepreneur First GP Limited registered as person with significant control

Entrepreneur First GP Limited was notified as a person with significant control (significant influence or control) on 7 February 2018 and ceased on 18 August 2020.

source β†—

Oct 2017
Renamed World Diamond Centre Ltd

Companies House records a change of name from World Gem Centre Ltd to World Diamond Centre Ltd effective 18 October 2017.

source β†—

Apr 2017
Incorporated in England and Wales as World Gem Centre Ltd

Company number 10736332 incorporated on 24 April 2017 under the name World Gem Centre Ltd, with registered office later shown at 100 Hatton Garden, Suite 202, London.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities Β· 1

corporate structure
Nivoda LimitedNo. 10736332 Β· inc. Apr 2017 Β· active

Companies House Β· registry record

View on Companies House β†—
Registered name
NIVODA LIMITED
Company number
10736332
Status
Active
Company type
Private limited company
Incorporated
24 Apr 2017
Registered office
100 Hatton Garden, Suite 202, London, EC1N 8NX
Nature of business (SIC)
46480 β€” Wholesale of watches and jewellery
Previous names
WORLD DIAMOND CENTRE LTD (2017–2018)WORLD GEM CENTRE LTD (2017–2017)
Accounts
last made up to 31 Mar 2025 Β· next due 31 Dec 2026
Confirmation statement
last made up to 9 Aug 2025 Β· next due 23 Aug 2026

Current officers Β· 5

  • Sanjot Malhi β€” director, appointed 9 Sept 2024
  • Mathias Schilling β€” director, appointed 19 Oct 2022
  • Andrew Sugrue β€” director, appointed 12 Oct 2023
  • David Robert Sutton β€” director, appointed 24 Apr 2017
  • Andre Rudolph Johannes Woons β€” director, appointed 15 Jan 2018

Source: Companies House public register Β· retrieved 9 Aug 2026. Contains public sector information licensed under the Open Government Licence v3.0.

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Nivoda Limited do?
B2B marketplace where jewelry businesses source diamonds, gemstones and melee, with logistics, credit and showcasing tools.
Who founded Nivoda Limited?
Nivoda Limited was founded by David Sutton, Andre Woons in 2018.
Who are Nivoda Limited's investors?
Nivoda Limited's investors include Abstract Ventures, Canaan Partners, Entrepreneur First, Avenir, Headline, Mana Ventures, Northzone.
Where is Nivoda Limited headquartered?
Nivoda Limited is headquartered in London, GB.