MILAN, May 3, 2022 (GLOBE NEWSWIRE) – Italy is estimated to have more than 1.3 million arts and crafts small businesses, employing 3 million people. In an increasingly globalized world where design is a commodity, craftsmanship is gaining importance for highly demanding clients and sector experts. Artemest is disrupting the industry by supporting artisans and creators and connecting them with global customers looking for unique, handcrafted pieces.
Ippolita launched Rostagno Artemest after a visit to Florence, where she realized that many local artisans were going out of business as their client base was increasingly shopping online. Joined by Marco Credendino, they set out to create a global network connecting local businesses with wealthy individuals around the world.
Today Artemest has become the realization of this vision: six years after its launch, they connect more than 1,300 Italian artisans and creators – providing more than 60,000 products – with thousands of customers and design professionals worldwide. The Artemest catalog is more like an art museum than an interior design store; We offer a selection of home décor, art and furniture.
Ippolita Rostagno said, “Handcraft has been fundamental to the development of the civilized world and has brought generations together around the idea that art is important. We aspire to strengthen this tradition by introducing beauty into people’s daily lives.”.
Artemest has now secured €15 million in funding, led by specialist fund IRIS Ventures and Olma Luxury Holdings. The market will use this funding to accelerate growth, with a focus on the United States; Further development of technology, brand and community, catalog improvement and talent recruitment. Legal advisors Eduardo Caneta Rossi Palermo and Barbara Balande led Chiomenti’s legal team to advise Artemiste on the transaction.
The investment will also support the development of Artemest’s services for interior designers, brands and hospitality partners, providing them with best-in-class comprehensive support thanks to its personal advisors as well as its technology-enabled content and tools.
Montes Suarez, Founder and Managing Partner of IRIS Ventures finished: “Finding visionaries to build purpose-based brands that will change the way we live is what we do at IRIS Ventures, and Artemest is a prime example of this. Artemest is the Italian custodian of industry excellence and creativity, empowering the artisan community and small businesses The ability to preserve their heritage by making it accessible to a global audience.”
ARTEMIST
Co-founded by jewelry entrepreneur Ippolita Rostagno and Marco Credendino (formerly Yoox-Net-a-Porter), Artemest is the largest market for Italian upscale and artisanal design, with a vision of becoming a leading global platform for contemporary design and luxury craftsmanship.
IRIS . projects
IRIS Ventures is an advisor to the IRIS I FCRE Fund, a growth equity fund targeting European and US consumer-focused brands and technology-based solutions that drive healthier, happier, and more comfortable lives. IRIS Ventures has a presence in Barcelona, London and New York.
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