Arthena

Acquired

Quantitative Investment in Art Assets

New York, United States · Founded 2013 · $1.1M raised

Fintech
YC W17
Headquarters
New York, New York
Employees
11–50
Founded
2013
Total Funding
$1.1M
Last Round
$125K SeedMar 2017
Rounds
2

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

About

Arthena is a financial product that gives you access to the alternative asset class with the highest barrier to entry and strongest historical returns. We invest in the most liquid segment of the art market, with the lowest volatility, yielding tremendous growth uncorrelated to traditional investments. Arthena’s automated and data driven investment strategy regulates art investment by building traditional fund structures. HNWI’s can now securely and confidently diversify their portfolios into alternative assets focusing on the luxury market. Arthena has designed and built a statistically rigorous model that estimates the value of artwork over time. Since the data we obtain derives from auction records and repeat sales, our model relies on a set of features about each result. These features include include the artist’s name, medium, date of creation, origin of location and size of work. After identifying groups of work that are similar to each other, we calculate the expected ROI and estimated volatility based on the distribution of gains. Using historical auction results to simulate the performance of our funds, we leverage Monte Carlo analysis to determine annualized returns and sharpe ratios. Based on this analysis, Arthena can validate the financial viability of our product and establish statistically rigorous bounds for these estimates.

Summary

Arthena is a Fintech company based in New York, United States, founded in 2013. It has raised $1.1M in total across 2 rounds, most recently a $125K Seed round in Mar 2017. Investors include Y Combinator, Anthemis Group and Milano Investment Partners.

Tech & App Stack

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Funding History

SeedSeed RoundMar 2017
$125K

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Funding: Seed. Amounts, valuations, and investors where available.

Investors

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