ITALY – Artemest, a Milan, Italy and New York-based e-commerce platform selling Italian luxury design, home decor and lifestyle, raises a new $5M+ round of financing.
French private equity Olma Luxury Holdings and the Swiss holding Brahma joined Milan-based investment firm Nuo Capital (sponsored by Hong Kong’s PAO family office). The company intends to use the funds to further develop digital tools both for interior designers, architects, and final consumers globally, and for its suppliers to further enhance their online visibility and digital sales strategy. Led by CEO Marco Credendino, Artemest aims to support small luxury brands, artisans, designers and artists to gain international visibility and bring their businesses abroad by providing them with a curated marketplace and services, such as concierge, logistic support and marketing activities to reach customers in over 70 countries in the world. The company recently reached more than 1,000 artisans and luxury brands on its platform, the majority of which have exclusive distribution agreements with the marketplace. Following the success of the special collections launched together with Richard Ginori and the fashion brand Luisa Beccaria, Artemest will continue to develop collaborations with luxury brands and artists. The US, Canada, and UK represent the main markets for Artemest, with APAC countries following North America as the second region for revenue and traffic. 07/08/2020
