NEW YORK — 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 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.
ARTA says it has seen 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.”
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.
“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.”
ARTA’s global platform services over 65 countries and counts over 500 service providers in its growing network of partners. ARTA expects its growth trajectory to continue, which includes increasing headcount by at least 50 percent by the end of this year.
