Just a month after investing in a beauty brand, Webster Capital has looked to jewelry for its next investment.
The firm has taken a stake of an undisclosed size in Ring Concierge. Though financial terms weren’t disclosed, the company was expected to close 2023 with $100 million in revenues, as reported.
The brand, which started with bridal in 2013 under founder and chief executive Nicole Wegman, counts its digital know-how and first-arriver advantage to social media marketing as key differentiators. For Webster Capital, it was the service component that drew the firm to the company.
Related Articles
“Ring Concierge is helping us break into higher-end concierge, VIP services and goods that we’re really interested in,” said Mary Sullivan, Webster Capital’s chief of staff. “The high-value experience that they bring their customers with that direct relationship aligns with what we value.”
You May Also Like
Webster has been active, having revealed its investment in Gente Beauty in April. That brand, founded by model Marianne Fonseca, centers its product assortment around lymphatic drainage. It also counts Spins — which founder Tony Olson formerly ran for north of two decades — Tasseo and Kitsch in its portfolio.
Sullivan said that cadence may slow for the rest of 2025, but the company was still active in evaluating potential assets.
“We’re finally in the right spot,” said Sullivan. “We love Gente, we love Ring Concierge, and these brands are very meaningful to us — you can expect to see them continue to grow. We’re finally in the right conversations with the right people and able to put our resources and invest in brands that are near and dear to us.”
Added Olson in a statement, “As an admirer and customer of Ring Concierge over the past decade, I have seen firsthand their dedication to delivering exemplary products and service.”
The statement added that the funding will support “future strategic initiatives.”
“Ring Concierge has been around for 12 years now, which is pretty amazing,” Sullivan said. “We’re coming from the standpoint of how do we continue to innovate and bring new, exciting ideas to the luxury jewelry side of thing, and continue to grow?” Newness will likely be a focus, as the company releases around 25 new drops annually.
“They are so invested in their customer service experience,” Sullivan continued. “We love to support the high-quality, direct relationship they have with their customers, and backing female-led brands is something we’re passionate about as well.”