Total amount raised
$19.5 Millions
Latest funding date
10/01/2022
Location
ARTA has successfully raised funds through multiple rounds, with its latest Series A round closing on October 11, 2022. The company is backed by notable investors, including Coelius Capital and Corazon Capital.
ARTA's platform offers comprehensive solutions for shipping, insuring, and tracking valuable collectibles, making it a trusted choice for marketplaces, merchants, and auction houses. Keep reading to explore the intricacies of ARTA's fundraising journey and the investors backing this innovative platform.
What Is ARTA?
Founded in 2019 by Adam Fields, ARTA is a logistics software and fulfillment service company based in New York, New York. The company specializes in automating shipping and fulfillment for valuable and collectible objects, including art, design, furniture, antiques, jewelry, watches, and collectibles.
Operating actively with a team of 11-50 employees, ARTA offers a highly configurable platform that simplifies the shipping, insuring, and tracking of luxury and collectible items globally. Their services are tailored for marketplaces, merchants, and auction sellers, providing seamless quoting, fulfillment, and automated tracking.
How Much Funding Has ARTA Raised?
- Pre-Seed Round
- Amount Raised: $1M
- Date: June 2016
- Lead Investors: Notation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial development of ARTA's logistics software and fulfillment services.
- Seed Round
- Amount Raised: $3M
- Date: September 2017
- Lead Investors: Notation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase market reach.
- Seed Round
- Amount Raised: $4.5M
- Date: May 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the technology and scale operations.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: February 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development initiatives.
- Series A
- Amount Raised: $11M
- Date: October 2022
- Lead Investors: AXA Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand ARTA's technology platform, international coverage, compliance and insurance products, and integrations for businesses of any size.
Total Amount Raised: $19.5M. Current Valuation: Not publicly disclosed.
Key Investors
- AXA Venture Partners
- Details: AXA Venture Partners is a global venture capital firm with over $1.5 billion of assets under management. They invest in rapidly growing tech companies across various stages.
- Investment Focus Areas: Enterprise software, fintech, digital health
- Notable Investments: Happify Health, Zenjob, Phenom People
- Notation Capital
- Details: Notation Capital is an early-stage venture capital firm based in Brooklyn, New York. They focus on investing in technology startups at the seed stage.
- Investment Focus Areas: Technology startups, seed-stage investments, early-stage companies
- Notable Investments: The Wing, Anchor, OpenSea
- Corazon Capital
- Details: Corazon Capital is a leading Chicago-based venture fund. They focus on Seed and Series A investing, providing pragmatic, actionable counsel to entrepreneurs.
- Investment Focus Areas: Seed and Series A stage startups, entrepreneurs with heart and passion
- Notable Investments: Not publicly disclosed
- Coelius Capital
- Details: Coelius Capital is a venture capital firm that participated in ARTA's Series A financing round. They are known for their strategic investments in innovative companies.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- Pari Passu Venture Partners
- Details: Pari Passu Venture Partners is a venture capital firm that participated in ARTA's Series A financing round. They focus on supporting high-growth potential startups.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for ARTA?
With a recent $11 million Series A funding, ARTA is poised to expand its technology platform and international coverage. The company aims to enhance compliance and insurance products, integrating services for businesses of all sizes. This growth is driven by increasing demand for seamless post-purchase experiences in ecommerce, particularly for high-value goods and collectibles.
Future fundraising opportunities seem promising as ARTA continues to scale, potentially attracting further investment to support its ambitious plans. However, challenges such as managing international expansion and ensuring seamless integration with various businesses may arise. Maintaining high levels of customer satisfaction will be crucial as the company grows.
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