Novica United
NOVICA helping to change the lives of more than 50,000 people in developing nations, including artisans.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
$3.0m | Series A | ||
| Total Funding | 000k | ||
Novica operates as an online marketplace that connects artisans from around the world with consumers seeking unique, handcrafted products. The company primarily serves individual consumers who value authentic, culturally rich items such as jewelry, home decor, and gifts. Operating in the global e-commerce market, Novica's business model focuses on direct sales through its website, novica.com. Revenue is generated through the sale of these handcrafted items, with a portion of the proceeds going directly to the artisans. This model not only provides consumers with unique products but also ensures fair compensation for the artisans, thereby supporting their livelihoods and preserving cultural heritage. Novica's mission is to spread happiness by celebrating exploration, empowering artists, and preserving global culture. The company has successfully generated over $100 million in revenue for artisans around the globe, impacting thousands of lives positively.
Keywords: online marketplace, global artisans, handcrafted products, jewelry, home decor, gifts, fair trade, cultural heritage, direct sales, e-commerce.