Artisio secures £250k in pre-seed funding led by Jenson Funding Partners to expand its auction management platform.
Jenson Funding Partners led the pre-seed round to help the company scale its auction technology globally.
Artisio provides a comprehensive management software solution designed specifically for auction houses to streamline operations. The platform unifies front and back office processes into a single administration panel.
London-based auction management platform Artisio has raised £250k in a pre-seed funding round. The investment was led by early-stage venture firm Jenson Funding Partners.
The capital will be directed toward expanding the company reach within the global auction market. Artisio automates and consolidates administrative tasks for auction businesses, addressing inefficiencies in traditional workflows.
Since its launch, the company has attracted multiple clients across the stamp, coin, and retail returns sectors, alongside international accounts. The latest backing will support further growth as the firm targets the US market.
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"I’ve worked in the auction industry for over a decade and have experienced the frustration of the outdated system first hand, from the legacy technology, to the consequences of this on customer experience.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
Investors
Categories
About the company
Artisio
Artisio provides software that streamlines auction management and online bidding processes.