Taylor&Hart Completes €4 Million Financing Led by Energy Companies and Richard Branson’s Virgin Cash
It is reported that Taylor&Hart, a blockchain jewelry company, announced the completion of financing of 4 million euros, led by Energy Companies, and participated in the investment
It is reported that Taylor&Hart, a blockchain jewelry company, announced the completion of financing of 4 million euros, led by Energy Companies, and participated in the investment of Virgin Cash, a British financial institution founded by Richard Branson, and Seedrs, a crowdfunding platform. Taylor&Hart utilizes blockchain technology to monitor jewelry and diamonds to ensure product authenticity and track every step of the diamond process, enhancing supply chain transparency. Taylor&Hart claims to be the first jewelry brand in the UK to use blockchain to track diamonds during the ring making process. （cryptonewsbtc）
Taylor&, a blockchain jewelry company; Hart completed a financing of 4 million euros
Introduction
Taylor&Hart, a blockchain jewelry company, has announced the completion of €4 million financing, with leading investment from energy companies and Richard Branson’s Virgin Cash, alongside Seedrs, a crowdfunding platform. The company utilizes blockchain technology to ensure the authenticity of jewelry and diamonds and track every step of the diamond process, enhancing supply chain transparency. Taylor&Hart claims to be the first jewelry brand in the UK to use blockchain to track diamonds during the ring making process.
What is Taylor&Hart?
Taylor&Hart is a UK-based blockchain jewelry company that provides bespoke engagement rings and wedding bands. The company was founded in 2013 and has since gained a reputation for its innovative designs and use of technology to improve the jewelry buying experience.
The Financing Round
Taylor&Hart recently completed a €4 million financing round led by energy companies, with participation from Richard Branson’s Virgin Cash and Seedrs, a crowdfunding platform. The funds will be used to continue the development of the company’s innovative blockchain technology and expand its offerings in the UK and beyond.
The Impact of Blockchain on Jewelry
Blockchain technology has the potential to revolutionize the jewelry industry in several ways. One of the most significant benefits is improved transparency in the supply chain. By using blockchain to track every step of the diamond process, from mining to production to sales, Taylor&Hart can ensure the authenticity of its jewelry and provide customers with a complete history of their diamond’s journey.
The Future of Taylor&Hart
As the first jewelry brand in the UK to utilize blockchain technology to track diamonds during the ring making process, Taylor&Hart is well-positioned to grow and expand in the coming years. The company’s innovative use of technology and commitment to transparency and authenticity will likely appeal to a wide range of customers, from tech-savvy millennials to socially-conscious consumers concerned about the ethical implications of the diamond industry.
Conclusion
Taylor&Hart’s completion of a €4 million financing round underscores the growing importance of blockchain technology in the jewelry industry. With its innovative use of blockchain to enhance supply chain transparency and ensure authenticity, Taylor&Hart is well-positioned to grow and expand in the coming years.
FAQs
1. What is Taylor&Hart?
– Taylor&Hart is a UK-based blockchain jewelry company that provides bespoke engagement rings and wedding bands.
2. What is the benefit of using blockchain in the jewelry industry?
– The use of blockchain technology can enhance supply chain transparency and ensure the authenticity of jewelry and diamonds.
3. What role did Energy Companies and Richard Branson’s Virgin Cash play in Taylor&Hart’s financing round?
– Energy Companies led the financing round, with participation from Richard Branson’s Virgin Cash and Seedrs, a crowdfunding platform.
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