Arteza, the leading direct-to-consumer arts and craft supply company, announced today that it has raised $24 million in Series A funding from the growth equity firm Volition Capital. The company’s revenue growth was driven by a rapid expansion of its customer base to more than 2 million globally, with a similarly aggressive growth in its product portfolio, with more than 500 new products launched in 2019.
Arteza also announced that Larry Cheng, Managing Partner, and Dave Gordon, Volition Capital’s Chief Executive Officer, had joined the Board of Directors.
Founded in 2015, Arteza is disrupting the legacy of the arts and crafts industry, which has been ripe for innovation in product design, retail experience and customer service. Arteza’s unique focus on customers and its 750+ products, which are available directly to students, hobbyists and professional artists, has fueled significant growth and customer loyalty.
“The supply industry of the arts and crafts has been stale for decades, and our vision has been to breathe new life into the market with a fresh approach to products, trade and customer travel,” said Mike Koshatko, co-founder of Arteza. “As a company with a proven business model and an eye to further growth, we have found a natural partner in Volition Capital. This investment and access to Volition’s expertise and guidance will keep us well positioned as the leading brand of D2C art supplies. “That’s right.
Arteza’s success as a digitally native brand is also driven by its commitment to enhance the experience of customers and artists all over the world. The company’s ‘Creator’s Central’ blog provides free video tutorials and inspiration to artists, and has built up a highly engaged community of nearly 350K Instagram followers. The company offers 24 x 7 customer service to art enthusiasts who have won Arteza a 95 Net Promoter Score-indicating market-leading customer satisfaction.
“Arteza has reinvented the art supply industry by focusing on premium design, rapid innovation, affordability and customer experience. They have built up a tremendous competitive advantage over legacy art products and retail brands through their disruptive approach,” said Larry Cheng, Managing Partner at Volition Capital. “It’s truly rare to see a company experiencing rocket-boat growth, while also being profitable and jammed, and we’re excited about the opportunity to work with them to realize their aspirations. “That’s right.
Arteza sells directly to consumers through its website. Visit https://arteza to learn more about the company and its products. Com/Com
About Artezza
Founded in 2015, Arteza’s mission is to inspire a more creative future by providing high-quality yet affordable arts and craft supplies. With more than 2 million customers across 100 countries, Arteza has redefined the art supply industry with its direct-to-consumer model, new product innovation, and a strong online and social media presence focused on providing superior customer experience. The company is headquartered in Miami, Florida, and sells https://arteza online. Com/Com Follow @artezaofficial on Instagram
Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/Arteza/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at contact@investocracy.co
