In a new round of financing, Artemest, the luxury e-commerce platform specializing in Italian home decor, has raised $5 million, bringing its total funding to more than $11 million.05/08/2020
The financing comes from French private equity company OLMA Luxury Holdings and the Swiss holding company Brahma, which join Milan-based Chinese investment firm NUO Capital as investors in Artemest. Based in Milan and New York, Artemest plans to use the new funds to further develop digital tools that will enhance the shopping experience for interior designers and consumers, and to improve upon the digital sales strategy and online visibility of its vendors.
Artemest was founded in 2015 by Marco Credendino and jewelry designer Ippolita Rostagno, who is also the company’s creative director, with the goal of bringing small luxury brands to a global audience. “We are an e-commerce company, but we are also a service company for the trade,” Credendino, the company’s CEO, tells BOH. One of Artemest’s greatest attributes, he says, is its role as a middleman between designers and artisans. “We have all of these services—customization, logistics, multiple-order management and quality control.” The latest round of funding, he adds, will help the company continue to build out those tools as it attracts new trade customers.
Artemest was founded in 2015 by Marco Credendino and Ippolita Rostagno with the aim of celebrating and sustaining Italian craftsmanship. It is a leading online marketplace for contemporary luxury design products and the largest network of Italian high-end artisans and small luxury brands. The platform provides a carefully curated collection in the quest to support highly skilled producers to adapt to the new digital economy, giving international visibility to some of the best products in the world. In order to successfully accomplish this objective, it has set up a full-service one-of-a-kind offer, of which artemest.com is the showcase.
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