Artemest, a Milan, Italy-based luxury online marketplace, raised $1.2m in seed funding.
The round was led by IAG (Italian Angels for Growth), with participation from Alina Lundry, Kirstie Steiner, Shark Bites, a venture capital holding company whose main shareholder is Fabio Cannavale, Founder and CEO at lastminute.com, and family office Rancilio Cube represented by Luca Rancilio.
The company intends to use the funds to expand its presence in the US and the UK as well as to increase the number artisans and makers on Artemest.
Launched in October 2015 by luxury entrepreneur Ippolita Rostagno, known for her jewelry brand Ippolita, and Marco Credendino, Artemest is an online platform which features more than handmade luxury 5,000 products from 230 independent makers. The assortment is mainly focused on Home Décor, Lifestyle and Jewelry.
The site also offers a content platform for visitors to learn and explore the manufacturing process behind some unique products featured on the e-commerce platform.