Artisio, a London, UK-based company that provides a complete auction management solution, secured £250,000 in a pre-seed funding round led by Jenson Funding Partners.
The funding will help Artisio reach a global auction market looking to streamline the way online auctions are run. It has its sights set on expanding to the US market and aims to launch a self-onboarding platform to accelerate the process for new clients.
Berdia Qamarauli, Founder and CEO of Artisio, said: “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.”
Artisio was founded with the customer in mind, bringing a fragmented operations system into one place. The solution is customizable to an auction house’s needs and integrates seamlessly into any currently implemented systems.
Full automation with Artisio means that auction businesses can carry out tasks and bid in an all-in-one admin panel that can be tailored to specific needs.
To date, Artisio has signed up 15 auction businesses, including 167-year-old London rare stamp dealer Stanley Gibbons, 151-year-old coin and medal specialist dealer Baldwin’s, and major retail returns platform BPI Auctions.
Also, it has onboarded four international clients and is working with several online auction providers, including the-saleroom.com, StreamBid, and the AI email marketing platform Artbrain.
Company: Artisio Ltd.
Raised: £.25K
Round: pre-Seed Round
Funding Month: February 2023
Lead Investors: Jenson Funding Partners
Additional Investors:
Company Website: https://artisio.co/
Software Category: Auction Management Software Solutions
About the Company: Founded in 2020 by Berdia Qamarauli and Suri Amarasinghe, Artisio is a company providing front-to-back auction management software solutions and an online bidding platform that helps businesses run online auctions and streamline auction back-office processes. It can be used for managing, monitoring, and analyzing all aspects of online auctions in real time. From inventory management, sale & auction creation, vendor & buyer management, payment & invoicing, all the way to selling lots through your own website, all via its integrated back-office solution & online bidding platform. The company is on a mission to lead the auction industry to the next level of technology
Source: https://techfundingnews.com/this-london-startup-just-raised-250k-to-expand-its-all-in-one-auctioning-platform-in-the-us/