R2Net, Inc. - JamesAllen.com
Jewelry eCommerce Solutions
Company Overview
Snapshot
Founded in March 2006 by Oded Edelman, R2Net, Inc. operates with 201–500 employees. The company secured $25 million in total capital across one funding round from IGP - Israel Growth Partners. A significant milestone occurred in August 2017 when the company was acquired by Signet Jewelers.
Business overview
R2Net, Inc. operates an eCommerce and supply chain platform that integrates the diamond industry's ecosystem, connecting manufacturers, retailers, and consumers. The company's core technology provides highly magnified 360-degree high-definition images of diamonds, displayed on platforms like JamesAllen.com and D-Market. This enables digital transactions for diamonds, bypassing the traditional expenses and delays of brick-and-mortar retail. R2Net serves the jewelry and diamond markets, operating within the Retail Platforms sector.
Strategic signal
In August 2017, R2Net, Inc. was acquired by Signet Jewelers for $328 million. This acquisition by a major jewelry retailer validates R2Net's innovative e-commerce model for the diamond industry and signals a significant shift towards digital platforms for high-value goods, demonstrating the potential for technology to disrupt traditional retail sectors.
Log in to access full profile ›Company Intelligence Q&A
- What is R2Net, Inc. - JamesAllen.com's primary business?
- R2Net, Inc. - JamesAllen.com operates an eCommerce and supply chain platform that connects the diamond industry's ecosystem, including manufacturers, retailers, and consumers, primarily through its JamesAllen.com brand.
- When was R2Net, Inc. - JamesAllen.com acquired?
- R2Net, Inc. - JamesAllen.com was acquired by Signet Jewelers in August 2017 for $328 million.
- What was a key acquisition made by R2Net, Inc. - JamesAllen.com?
- In February 2015, R2Net, Inc. - JamesAllen.com acquired Segoma, a company that provides highly magnified 360-degree high-definition images of diamonds.
- What technology does R2Net, Inc. - JamesAllen.com utilize?
- R2Net, Inc. - JamesAllen.com provides highly magnified 360-degree high-definition images of diamonds to facilitate digital transactions for retailers, manufacturers, and consumers.