Faraday Ventures, a Spanish leading Venture Capital firm, has announced a €1.3 million strategic investment in Valencian jewellery firm Singularu as part of a new secondary equity deal. The deal has enabled investors who backed the company in its early stages to liquidate their exit by multiplying their returns. The capital injection marks an important milestone in Singularu’s expansion and represents a vote of confidence in its vision and growth potential.
Founded in 2014, Singularu is a firm known for being the jewellery brand that succeeds among millennials and generation Z, which has experienced steady growth in recent years, successfully consolidating its position in the national market with 51 points of sale. With Faraday’s investment, Singularu is ready to make a qualitative and quantitative leap, expanding beyond national borders and exploring new international markets.
“We are very happy and grateful for the trust Faraday has placed in us. Seeing how we have been able to generate value for the investors who have been with us since our inception is an achievement that encourages us to continue on this path. The journey we have made together with them has been long and challenging, and the fact that they continue to trust in the value we bring as a company fills us with the motivation to keep moving forward in this way,” said Cristina Aristoy, CEO of Singularu and co-founder of the company.
This strategic partnership promises exciting developments for both companies in the future and reaffirms the commitment of both parties. The confidence that Faraday has placed in Singularu for its new secondary capital operation is a clear testament to the Valencian brand’s ability to deliver solid results.
Jaime Biel, Partner at Faraday added: “Singularu has shown that it understands its customers and what they want, as is reflected in its solid growth over the last few years. On behalf of Faraday we continue to strongly support Singularu’s business and we are betting on the excellent evolution of its geographic expansion and reception of its new products.”
Read the orginal article: https://www.eu-startups.com/2023/09/faraday-ventures-invests-e1-3-million-to-strengthen-its-position-in-valencian-firm-singularu/
