April 28, 2016
Time was, you couldn't have a conversation about consumer Internet in Boston without hearing about Gemvara. Founded in 2006 as Paragon Lake by Babson students Matt Lauzon and Jason Reuben, the startup pivoted from selling to jewelers, to selling custom-made jewelry online, and raised more than $51 million in venture capital in the process.
Gemvara's last fundraise was in 2012 and for the past one-and-a-half years, after an inside bridge round quietly put together in 2014, it's been diligently making itself profitable.
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