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Wove Secures $3.85 Million Investment


Custom jeweler Wove has secured a $3.85 million investment a new seed funding led by Springdale Ventures. Joining Springdale was a group of investors that included Outlander VC, Rarebreed Ventures, Context Ventures, PenFed Foundation’s veteran entrepreneur-focused investment vehicle VEIP, West Point grads-founded WPMC and Early Light Ventures.

The company was started in 2021 by West Point classmates and former Army Rangers Andrew Wolgemuth and Brian Elliott after discovering that had skill in designing engagement rings for their fellow service members.

Wove is “the only company that does custom replicas,” Wolgemuth said. Also, until recently, the only people who could get custom rings delivered to their house for consideration were famous or ultra wealthy. Wove provides this for the everyday consumer, he continued.

“What we are doing I think was only possible in the last five years because of how 3D printing technology changed along the way,” he added. “Before, you had to hand carve a wax ring, and now, we can 3D print up to 300 different rings at the same time within three hours. It drastically increased the production time and allowed us to do custom at scale.”

The new funds will be utilized for growth and scale, including advertising/marketing, and to launch this week Wove’s e-commerce line.

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