Italian luxury craftsmanship is bankable. Artemest, the transalpine marketplace specialising in interior decoration, has just raised $15 million from IRIS Ventures and the French private equity holding company Olma Luxury Holdings. In 2020, the latter had already injected 4.5 million dollars and then 5 million dollars into Artemest, first in association with the Chinese investment company NUO Capital, based in Milan, and then to the Swiss holding Brahma.
Legal advisors Edoardo Canetta Rossi Palermo and Barbara Ballandi led the Chiomenti were at the helm for this new round of funding.
Artemest was founded in 2015 by jewellery entrepreneur Marco Credendino and jewellery designer Ippolita Rostagno, who became the creative director. With a basic idea: to make the world discover Italian artisans and small luxury brands online. More than 1,300 transalpine craftsmen and designers now offer more than 60,000 products on the platform to thousands of private and professional customers around the world. Much more than a simple online catalogue, Artemest presents itself as a curation of the most beautiful products and a source of inspiration to transform an interior into a haven of transalpine elegance.
The platform will use the new funding to “accelerate its growth, particularly in the US, further develop its technologies, brands and community and optimise its catalogue and recruitment of new talent”. It also wants to further improve the services it offers to interior designers, brands and its partners in the hotel sector, providing them with the best possible support through its private consultants and technological tools.
Montse Suarez, the founder of IRIS Ventures, explained that “finding visionaries who build brands that transform the way we live” is the goal of his fund, and “Artemest is a perfect example of this”. Artemest is a perfect example of this”, he said, as “a guardian of Italian craftsmanship and creativity, able to give the artisan community and small businesses the opportunity to preserve their heritage by making it accessible to a global audience”.
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Featured photos : © DR
