Total raised
$1.6M
Last: Seed 2018-05
Stage
Seed
Founded
2018
Headcount
4
HQ
Tel Aviv-Yafo
Sector
Fintech & Insurtech
About
Carats.io is building a liquid method to exchange diamonds' digital value with real-world usage and exposure to the diamond and jewelry industries. CARAT is a diamond-backed digital currency that can be redeemed in the real-world diamond market. By being linked to a physical commodity averaging an appreciation of 56% annually, the CARAT Token remains a stable and promising asset. In addition to being a sound use of capital, the CARAT Token can also be used to purchase diamonds and jewelry, as a peer-to-peer payment method, and as a financing and banking solution for the diamond and crypto industries.
Funding history · 1 round · $1.6M total
2018-05
Seed
$1.6M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- What is the primary business of Carats.io?
- Carats.io is building a liquid method to exchange diamonds' digital value with real-world usage and exposure to the diamond and jewelry industries, offering a diamond-backed digital currency called CARAT Token.
- What is the current operational status of Carats.io?
- Carats.io is currently inactive, having ceased operations in December 2019.
- When was Carats.io founded and where is its headquarters located?
- Carats.io was founded in January 2018 and is headquartered in Tel Aviv-Yafo, Israel.
- How much funding has Carats.io raised in total?
- Carats.io has raised a total of $1,600,000 in funding. For a full financing history, refer to startupim.
- When did Carats.io complete its last funding round and who was an investor?
- Carats.io completed a Seed round in May 2018, raising $1,600,000. Net Capital Ventures was an investor in this round.
- What significant partnership did Carats.io announce in August 2018?
- In August 2018, Carats.io teamed up with diamond exchange IDEX.
- What agreement did Carats.io sign in September 2018?
- In September 2018, Carats.io signed an agreement with Tradomatics to underwrite the CARAT Token.
- How many employees did Carats.io have?
- Carats.io had an employee count in the range of 11-50.
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechTrading & Investing
Technologies
Artificial IntelligenceMachine LearningData StorageP2P
Target customers
Commerce & RetailConsumer GoodsJewelryConsumersFinancial & Real EstatePrivate Investors
Business model
B2CB2B
Tags
machine-learningp2pdiamondsinvestorsartificial-intelligencecryptocurrencyfintechweb-platformblockchaintrading-and-investingtradingbig-datajewelryalgorithms