Paragon Lake raises $5,800,000

Paragon Lake Inc., a revolutionary web based supplier of customized fine jewelry, today announced that it has secured $5.8 million in Series A financing.  “Paragon Lake provides cutting-edge technology to transform an age-old business,” said Dan Ciporin, Venture Partner at Canaan Partners. “Through Paragon Lake, independent jewelers will be able to offer their customers low-cost, high-quality, fully personalized jewelry design, allowing the jewelry business to join the ranks of other industries that have experienced the power of online customized demand through technology and Web innovation.”