ARTEMEST S.r.l.
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ARTEMEST S.r.l. - overview
Established
2015
Location
Milan, -, Italy
Primary Industry
Consumer Products
About
Artemest S. r. l. is a luxury e-commerce platform that curates and sells handcrafted furniture, décor, and art from Italian artisans, focusing on high-quality craftsmanship and sophisticated design aesthetics.
Founded in 2015 in Milan, Italy, Artemest offers a platform for luxury furniture and décor crafted by skilled Italian artisans. The company was co-founded by Gil Gilbert, Ippolita Rostagno, and Marco Credendino, who also serves as CEO. Artemest has successfully raised EUR 15 million in funding, with its most recent funding round occurring in May 2022, co-led by IRIS Ventures and OLMA Capital Management. The company has completed a total of 4 deals to date.
Artemest specializes in a curated selection of luxury furniture, lighting, décor, and tabletop items, handcrafted by esteemed Italian artisans. Their product range includes seating, tables, storage solutions, textiles, and decorative objects, designed for both residential and commercial spaces. Known for their sophisticated design aesthetic inspired by earth-toned palettes, Artemest primarily caters to clients in the United States, particularly focusing on urban markets that appreciate high-end design, such as New York's West Chelsea art district. In the most recent fiscal year 2023, Artemest reported revenue of EUR 14,934,738.
90, alongside an EBITDA of -EUR 5,538,407. 20. The company generates revenue through direct-to-consumer sales and a trade program for design professionals, allowing access to exclusive products and benefits. Following their latest funding round in May 2022, where ARTEMEST S.
r. l. raised EUR 15 million, the company plans to accelerate its growth with a strong emphasis on the US market. The funding will be utilized for enhancing technology, developing the brand and community, and optimizing their product catalog and talent recruitment.
Artemest aims to expand its offerings, although specific new product launches and geographic regions for expansion have not been detailed.
Current Investors
Rancilio, Italian Angels for Growth, Shark Bites SpA
Primary Industry
Consumer Products
Sub Industries
Furniture, Accessories
Website
www.artemest.com
Verticals
E-commerce, Manufacturing
Company Stage
Series A
Total Amount Raised
Subscriber access only
ARTEMEST S.r.l. - timeline of key events
ARTEMEST S.r.l. - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 61,046 | 785,859 | 1,426,974 | 2,501,542 | 3,787,073 | 5,352,998 | 8,128,013 | - | - | - |
| % Revenue Growth (YoY) | - | - | 1187.3% | 81.6% | 75.3% | 51.4% | 41.3% | 51.8% | - | - | - |
| EBITDA (USD) | (62,873) | (568,282) | (277,100) | (397,442) | (1,869,033) | (2,447,963) | (1,138,818) | (1,199,624) | - | - | - |
| Operating Income (USD) | (64,853) | (634,782) | (389,985) | (570,015) | (2,070,885) | (2,705,925) | (1,419,460) | (1,509,562) | - | - | - |
| Operating Margin | - | (1039.8%) | (49.6%) | (39.9%) | (82.8%) | (71.5%) | (26.5%) | (18.6%) | - | - | - |
| % EBITDA Margin | - | (930.9%) | (35.3%) | (27.9%) | (74.7%) | (64.6%) | (21.3%) | (14.8%) | - | - | - |
| NET Income (USD) | (48,776) | (489,379) | (298,239) | (428,479) | (1,621,780) | (2,736,349) | (1,405,723) | (1,591,012) | - | - | - |
| % Net Margin | - | (801.7%) | (38.0%) | (30.0%) | (64.8%) | (72.3%) | (26.3%) | (19.6%) | - | - | - |
ARTEMEST S.r.l. - employee data
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