Arta Shipping Raises $1m

Arta Shipping announced this morning that it has raised $1m in venture funding from a consortium of 10 investors from across the art market equation:

Notation Capital (Venture Capital Firm)
Sotheby’s (Auction House)

David Zwirner (Gallerist)

Lightbank (Venture Capital Firm co-founded by Eric Lefkofsky – Top 200 Collector*)

Rashid Johnson (Artist)

Poju & Anita Zabludowicz (Top 200 Collectors*)

Marilyn & Larry Fields (Top 200 Collectors*)

Graph Ventures (Venture Capital Firm)

Alex Chung (CEO and Founder of Giphy)

Shane Campbell (Gallerist)

“Shipping is the one unsexy aspect of the art world which causes pain and frustration for logistics professionals and collectors alike. ARTA allows all sides the opportunity to avoid the chaos and labor normally associated with fine art shipping— a revitalization of the process for those in the trenches,” said ARTA Founder and CEO Adam Fields. “It is with the support of our new investors that the company can continue to reshape the way the entire arts ecosystem think about shipping and logistics.”