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‘Cast’ Online Jewelry Brand Raises $12M to Pursue Self-Purchasing Women

The company has brick-and-mortar retail aspirations.

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Direct-to-consumer jewelry brand Cast has raised $12 million to fuel its growth plans.

The company, which had a soft launch earlier this month, is targeting its efforts toward self-purchasing women, Glossy reports.

“Our intent is to grow a major brand, but we want to nail it before we scale,” founder Eric Ryan told the publication. “We know we won’t get everything right up front, but this first year will be all about developing the product, growing the audience and perfecting the concept.”

Ryan’s other ventures have included vitamin and gummy brand Olly and home cleaning concept Method.

Cast concentrates its marketing on Instagram and the company’s intent is that “collections will drop at least once a month from a rotating list of designers,” according to Glossy.

Eventually, more than a year in the future, Ryan plans to build a brick-and-mortar retail presence for the brand.

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The funding round was led by True Ventures.

Read more at Glossy.

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Alex and Gladys Rysman are the third generation to run Romm Jewelers in Brockton, Mass. And after many decades of service to the industry and their community, it was time to close the store and take advantage of some downtime. With three grown children who each had their own careers outside of the industry, they decided to call Wilkerson. Then, the Rysmans did what every jeweler should do: They called other retailers and asked about their own Wilkerson experience. “They all told us what a great experience it was and that’s what made us go with Wilkerson.” says Gladys Rysman. The results? Alex Rysman says he was impressed. “We exceeded whatever I expected to do by a large margin.”

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