AXA backs ARTA
ARTA, a provider of fulfillment technology for high-value goods and collectibles, has secured $11 million in Series A financing led by AXA Venture Partners, with participation from Corazon Capital, Coelius Capital, Pari Passu Venture Partners, and Mu Ventures.
Founded in 2015, the NY-based company automates shipping and fulfillment for high-value and collectible objects. Its software provides shipping, packing, tracking and insurance solutions. ARTA’s platform services over 65 countries and counts 500+ service providers in its network of partners. Auction houses such as Sotheby’s and Bonhams, and marketplaces like Artsy, use the platform.
The funding will allow ARTA to expand its technology platform, international coverage, compliance and insurance products.
“Every consumer expects a seamless transaction from start to finish, and buyers of high-value goods and collectibles are no exception. 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.” – Adam Fields, founder and CEO of ARTA.
“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. ARTA has developed best-in-class technology that will redefine the post-purchase experience for a wide-variety of ecommerce categories.” – Sam Yagan, founding managing director of Corazon Capital.