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NUO Capital

Via dei Bossi 4, Milan, Lombardia, 20121, Italy

Overview

“NUO Capital is honored to join Artemest, by far the most promising Italian luxury design online platform, with a strong management team and passionate shareholders. With Their investments they aim to create a bridge between Italian excellence and Asian society, which is ready for true quality and keen to get it also online.“

Total investments
4
Lead investments
2
Investments · 12mo
0
Active investors
1

Sector focus

  • E-Commerce
  • Financial Services
  • Web Design
Visit website

Investment portfolio

  • Bending Spoons

    Participated · Equity · Feb 2024

    Bending Spoons follows an acquisition-led strategy and focuses capital allocation primarily on acquiring and improving digital businesses. The company works to enhance acquired businesses’ operations, technology, product development, marketing and monetization and says acquisitions have been its primary focus for more than a decade. Its portfolio includes assets such as AOL, Brightcove, Eventbrite, Evernote, Harvest, komoot, Remini, StreamYard, Vimeo and WeTransfer. As of March 2026, Bending Spoons served more than 500 million monthly active users and had over nine million monthly paying customers. The company said it has never sold a material business and aims to maximize long-term value per share through disciplined deployment of capital, primarily via acquisitions.

  • Artemest

    Participated · Equity · Aug 2020

    Artemest is an online marketplace for high-end Italian artisanal design, offering a curated selection of home décor, art and furniture. Co-founded by Ippolita Rostagno and Marco Credendino, the platform connects more than 1,300 Italian artisans and creators and lists over 60,000 products for thousands of customers and design professionals worldwide. The company emphasizes craftsmanship and handmade pieces, positioning its catalogue more like an art museum than a typical interior design shop. Artemest plans to use new funding to accelerate growth with a particular focus on the US, and to further develop its technology, brand and community while optimizing catalog and talent recruitment. It will also expand services for interior designers, brands and hospitality partners by offering end-to-end support through personal advisors and content- and tech-enabled tools. The €15 million investment is intended to support these strategic initiatives and broader market expansion. Artemest operates a curated online marketplace that connects over 1,000 Italian artisans and luxury brands with international customers and designers. The platform offers services including concierge, logistics support and marketing to help suppliers expand their digital sales and international reach. Artemest serves customers in more than 70 countries, with the US, Canada and the UK as its main markets and APAC following North America for revenue and traffic. Led by CEO Marco Credendino, the company develops special collections in collaboration with luxury brands and artists and plans to continue such partnerships. The new funding will be used to develop digital tools for interior designers, architects, consumers and suppliers to enhance online visibility and sales strategies. The company emphasizes supporting small luxury brands, artisans, designers and artists to gain international visibility and exclusive distribution relationships on its platform. Artemest is a Milan-based e-commerce marketplace that showcases and sells unique contemporary handmade luxury products from independent producers. Its assortment includes customizable furniture, home décor, tableware and a selection of handmade gifts, with the majority of products distributed exclusively by Artemest. The platform connects a curated network of more than 400 independent Italian craftsmen and designers with an international audience of art and design lovers. Artemest was launched in October by jewelry designer and Chief Creative Director Ippolita Rostagno and CEO Marco Credendino. The company plans to use the Series A proceeds to accelerate growth and increase its number of suppliers. It also intends to open a trade version of the platform to strengthen relationships with interior designers and architects who already use the site. Artemest operates an online marketplace featuring handmade luxury products across Home Décor, Lifestyle and Jewelry. The platform lists more than 5,000 products from 230 independent makers and includes a content section that explores manufacturing processes behind featured items. Launched in October 2015 by Ippolita Rostagno and Marco Credendino, the company curates and sells artisan-made goods. Artemest raised $1.2M in seed funding to support its growth. The company intends to use the funds to expand its presence in the US and the UK and to increase the number of artisans and makers on the platform. The business combines e-commerce with editorial content to showcase craftsmanship and provenance.

  • Tannico

    Led · Equity · Apr 2018

    Tannico is a web and mobile ecommerce platform for wine led by co-founder and CEO Marco Magnocavallo. The platform sells over 10,000 labels from 2,000 emerging and established producers in more than 20 countries. The company offers an app on iOS and Android. According to reports, Tannico had €6.8m in revenue in 2016. The firm plans to use new funding to launch a B2B Horeca platform (Tannico.biz), advance retail projects including opening WineBar Tannico in Milan, continue developing Tannico.it, and potentially expand into Asia. Tannico is based in Milan, Italy. Tannico operates an online fine-wine marketplace that aggregates long-tail supply from over 1,000 wineries and stocks more than 6,000 wines. The company says it employs big data and artificial intelligence to build a "taste DNA" for each customer and power an "Automated Sommelier" recommendation feature. Launched in 2012 and based in Milan, Tannico claims a 15% share of the Italian online wine market. Last year it sold 250,000 bottles to roughly 40,000 customers. The founder, ex-VC Marco Magnocavallo, designed the business to exploit low online penetration in Italy (about 0.2%) and the country's large winery base. Tannico plans international expansion, targeting the UK next and then Switzerland and France.

Team