Leader in Fulfillment Technology and Services on Track to Quadruple Year-over-Year Revenue
ARTA, the leader in fulfillment technology for high-value goods and collectibles, is announcing it has secured $11 million in Series A financing. Led by AXA Venture Partners and with participation from Corazon Capital, Coelius Capital, Pari Passu Venture Partners, and Mu Ventures, the funding will help the company continue to reduce friction in fulfillment processes by expanding its technology platform, international coverage, compliance and insurance products, and integrations for businesses of any size. The news comes on the heels of a banner year for ARTA, including a quadruple increase in transactions and revenue year-over-year.
“Every consumer expects a seamless transaction from start to finish, and buyers of high-value goods and collectibles are no exception,” said Adam Fields, Founder and CEO of ARTA. “For many sellers, the breakdown in their ability to meet buyer expectations happens within the complexities of managing the post-purchase experience. ARTA alleviates this burden by bringing together disparate parts of the fulfillment process, including quoting, shipping, insurance, and tracking, to deliver a frictionless, integrated experience that serves buyers and sellers alike.”
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“Every consumer expects a seamless transaction from start to finish, and buyers of high-value goods and collectibles are no exception.”
ARTA helps businesses accelerate ecommerce for high-value goods like priceless paintings, vintage furniture, and rare baseball cards, seamlessly automating every step of the fulfillment process. Well-known auction houses including Sotheby’s and Bonhams, marketplaces like Artsy, high-end home decor companies like The Expert and Outer, and Joopiter, a digital-first auction house founded by Pharrell Williams, all partner with ARTA to drive sales and improve customer satisfaction.
“Through our partnership with ARTA, Artsy now not only transacts hundreds of thousands of artworks from thousands of galleries around the globe, we handle all the shipping and customer service to the delight of our collectors,” noted Samuel Rozenberg, Chief Product & Technology Officer at Artsy.
“A great ecommerce experience requires efficient transaction fulfillment for both buyers and sellers. While commoditized products benefit from recent technological advancements, many unique and high-value products still require analog processes and manual intervention,” said Sam Yagan, Founding Managing Director of Corazon Capital. “ARTA has developed best-in-class technology that will redefine the post-purchase experience for a wide-variety of ecommerce categories.”
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