Artemest, a Milan, Italy-based e-commerce for platform for handmade luxury products, raised $5M in Series A funding.
The round was led by the Investment Holding NUO Capital, backed by the Hong Kong PAO – Cheng family, IAG (Italian Angels for Growth) and Bagheera Holding.
The company intends to use the funds to accelerate growth and to increase the number of suppliers on Artemest.
Launched in October by jewelry designer and entrepreneur Ippolita Rostagno (Chief Creative Director) and Marco Credendino (Chief Executive Officer), Artemest is a marketplace to showcase and sell globally an assortment of unique contemporary products handcrafted by a large network of luxury independent producers. The product assortment includes customizable furniture pieces, home décor, tableware and a selection of handmade gifts. The majority of the products is distributed exclusively by Artemest.
Currently, the platform connects a curated network of 400+ independent Italian craftsmen and designers with an international audience of art and design lovers. The company intends to open a trade version of the platform in order to further strengthen its relationship with interior designers and architects that already use the site as a go-to platform for the supply of home décor products.