Artisio raises £250k in pre-seed funding from Jenson Funding Partners to expand its auction management platform
The pre-seed round was led by Jenson Funding Partners to help the company expand into the US market.
Artisio provides a software platform designed to manage auction processes from front to back. The system brings bidding and administrative tasks into a single customisable admin panel.
Artisio has secured £250k in a pre-seed funding round led by Jenson Funding Partners. The company provides a software platform designed to streamline operations for auction businesses by unifying bidding and back-office management into a single system. The fresh capital will be used to support international expansion, specifically targeting the US market. Founded in 2020, Artisio addresses legacy inefficiencies in the auction sector where operators traditionally rely on fragmented tools to process sales.
From the founder
"I’ve worked in the auction industry for over a decade and have experienced the frustration of the outdated system first hand, from the legacy technology, to the consequences of this on customer experience. Artisio was formed to alleviate these issues. Our all-in-one panel means that customers can automate complex processes and easily communicate with vendors, rather than having to navigate multiple streams of communication and data. Within the industry, there are many verticals that need to be accounted for, but there’s a lack of solutions that can be used across the board. We’re excited to develop a solution that can be used by all verticals in the auction industry, streamlining time consuming and complicated processes."
Berdia Qamarauli
Founder and CEO at Artisio
Investor perspective
"The auction industry like any other has its own list of unique problems, but a notable lack of solutions. Artisio is disrupting this legacy sector with a product made for auction houses, by a team that have experienced the problems first-hand. For a market that’s worth over $5bn, there are surprisingly few innovative auction technology solutions out there, so it’s with great pleasure that we’re investing in a business that is one of the first. As we see the rise of auctionable assets in the metaverse, like NFTs, it’s time that modern solutions take hold."
Sarah Barber
CEO, Jenson Funding Partners
Use of funds
- 01Expand into international markets
