Mejuri

Mejuri

Handcrafted fine jewelry for everyday wear

About

Mejuri offers handcrafted fine jewelry designed for everyday wear, including gold and silver pieces. The company eliminates traditional retail markups, making high-quality jewelry more affordable for a wider audience. Mejuri primarily targets fashion-oriented women who appreciate unique and trendy designs, releasing new jewelry editions weekly to keep the collection fresh. Operating as a direct-to-consumer brand, Mejuri sells its products through its website, allowing for better control over customer experience and pricing. The company enhances customer satisfaction with free shipping and returns, aiming to be the go-to brand for stylish and accessible fine jewelry.

Company Stage

Series B

Employees

501-1,000

Industries

Consumer Goods

Total Funding

$28.2M

Headquarters

Toronto, Canada

Founded

2013


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Simplify's Take

What believers are saying

  • Partnership with Holt Renfrew expands retail presence and brand visibility in Canada.
  • Collaborations with figures like Renée Rapp enhance brand appeal to younger demographics.
  • Sustainable sourcing aligns with consumer trends, attracting environmentally conscious customers.

What critics are saying

  • Patent lawsuit over virtual showroom tech could lead to costly legal battles.
  • Retail partnership may dilute direct-to-consumer brand identity and affect profit margins.
  • Focus on lab-grown diamonds might alienate customers preferring natural diamonds.

What makes Mejuri unique

  • Mejuri offers handcrafted fine jewelry at accessible prices, disrupting traditional retail markups.
  • The company uses ethical practices, including traceable Salmon Gold and lab-grown diamonds.
  • Mejuri's direct-to-consumer model enhances customer experience and reduces costs.

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Growth & Insights
Headcount

6 month growth

6%

1 year growth

6%

2 year growth

12%

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