VC, funding, Manufacturing

Highland Backs Custom Jewelry Maker

Wade Roush 7/8/08

Boston-based Paragon Lake, a two-year-old customized jewelry maker that emerged from the Summer@Highland incubator program at Lexington, MA-based Highland Capital Partners, said today that it has raised $5.8 million in Series A funding from Highland and Westport, CT-based Canaan Partners. The startup’s Web-based platform helps jewelers create CAD specifications for custom rings, earrings, and pendants from sketches submitted by customers, then lets them order the pieces for fabrication and delivery. Highland created a $300 million fund for consumer- and retail-oriented ventures last fall.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.