Nuo Capital, Olma in €4.5m round for Artemest

Early-stage investor Italian Angels for Growth and Swiss holding company Brahma also took part in the round.

The company intends to use the fresh capital to further develop its digital platform, expand its customer base and penetrate new geographies and markets.

Previous funding
Italian Angels for Growth backed Artemest with a €1m seed round in 2017.  

Subsequently, the company raised €4m from Nuo Capital and other investors, including Italian Angels for Growth, in a series-A round in March 2018.

Company
Founded in 2015 and headquartered in Milan, Artemest is an online marketplace for luxury design furniture, interior design and home decor. The company offers a wide variety of handmade furniture and tailormade products crafted by artisans, from armchairs, sofas and tables to lighting, mirrors, vases and sculptures.

The company also provides logistics, marketing and consulting services to interior designers and architects.

Artemest has clients in 70 countries worldwide. Its main markets are the US, Canada, the UK and the Asia-Pacific region.

People
Nuo Capital – Tommaso Paoli (CEO).
Artemest – Marco Credendino, Ippolita Rostagno (co-founders).

Advisers
Equity – Chiomenti (legal).
Company – Bonelli Erede (legal).

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• Topics
• Expansion
• Southern Europe
• Consumer
• Venture
• Italy