Jewelry brand Luca + Danni receives investment from PJC

By

Obi Anyanwu

Published
Oct 26, 2016

Rhode Island-based jewelry brand Luca + Danni announced on Wednesday that it has joined forces with venture capital firm PJC. The Boston-based firm made a significant investment in Luca + Danni. The investment from PJC will allow for the jewelry brand to further expand its wholesale and online operations.

 
CEO Fred Magnanimi founded Luca + Danni in 2014 after he lost his younger brother, Danny, to Leukemia in 2013. Magnanimi left his Wall Street job to launch a handcrafted jewelry brand that upholds Danny’s dream of creating a unique line of inspirational, American-made jewelry that would revitalize the family’s 64-year-old jewelry manufacturing business.
 
Luca + Danni, which is named after Fred’s two young children, is known for its signature “top of the wrist” bracelets and is currently carried in over 800 retailers in North America.

“Luca + Danni’s remarkable story, commitment to maintaining an authentic brand experience, and an incredibly passionate management team make them a really unique consumer brand,” said David Martirano, Managing Partner, PJC. “We fully embrace their vision and are committed to helping them grow as they advance their brand nationally.”