ARTSY, THE ART DISCOVERY PLATFORM RAISES $25MILLION

What does Artsy do?

Artsy is unique online platform for the discovery of art. With a series of contemporary and antique art it is treat for art enthusiasts. Artsy is a one of a kind platform for the lovers of art where you will discover art ranging from collections of museums, galleries and private collectors from around the globe.

It is committed to getting the global art accessible to everyone with an Internet connection. Artsy boasts of largest online depository of art easily accessible to professional art collectors or even students and people with a keen interest on art.

The “Art Genome Project” which is a collaboration of art historians and engineers to distinguish and connect several different art works powers it.

How much Artsy was funded?

Series C funding on the 26^th march 2015 saw Artsy get a funding of $25 million from investment firms Catterton Partners, Thrive Capital and IDG Capital Partners.

Previous funding:

Series B funding from Kevin Collaran, Stuart Peterson, Slow Ventures, Oliver Jung and Peter Thiel on the 3^rd April 2014 saw the company raise $18.5 million.

Series A funding on the November3rd 2011 saw $6 million being raised by Artsy from Peter Thiel, Wendy Murdoch, Thrive Capital, Box Group etc.

The year 2010 saw a couple of convertible notes for $1.3 million and $100 k being respectively raised on the 24^th November from David Kidder, Dave Morin, David Tisch, and Thrive Capital etc. and on the 2^nd of June by investor Tom Nicholson.

Artsy has a history of seed funding of $50k on the 1^st of January 2010 form investors Plug and Play Ventures, RadWeb Tech, and Founder Collective.

What is next for Artsy?

With an ambitious plan of getting together all the art in the world accessible, Artsy has a growing database of 0.25 million images of art in its repository by more than 40,000 artists.

It aims to engage more and more people to art discovery and exploration by creating a good educational resource.

More about Artsy:

Founded by Nikhil Trivedi and Carter Cleveland in 2009, and headquartered in New York it has an employee base of 250 people and looks to expand.