Danish startup Artland has closed $ 1M in seed funding for a social artwork marketplace app that aims to join galleries and skilled patrons. It’s also hoping to entice rookies with an urge for food to purchase paintings however who don’t necessarily recognize the way to go about gaining knowledge of about the market.
We coated the startup closing fall. on the time the founders advised us it had raised a small undisclosed amount of seed funding. It now says that previous lift turned into rather a friends, household and fools round; here’s the first reputable seed funding.
buyers backing Artland for this seed consist of professional handball player, Mikkel Hansen; Olympic dressage champion Andreas Helgstrand; musician and songwriter Shaka Loveless; and Airhelp founders, Nicolas Michaelsen and Poul Oddershede.
The new funding should be used to speed up boom of the 2016 headquartered startup — specializing in product refinements and adding resources for scaling operations so it could possibly onboard greater of its leading goal clients: Collectors and galleries.
At this element it says the Android and iOS apps have 18,000 registered users. It also has 75 gallery companions the world over.
The enterprise model depends on taking a subscription fee from galleries in trade for Artland providing them a channel to attain collectors. So growing to be an artwork-buying community should be key.
clients can create profiles, upload photographs of their collections and attach with other artwork enthusiasts and — optimistically also, from the galleries’ aspect of view — make a purchase order or two. Artists can additionally use the app to showcase their work but all revenue are conducted by the use of the gallery users.
Artland names Charles Riva, Victor Benady and Rolando Jimenez as being among the collector clients of its app at this stage, whereas gallery companions include Nils Stærk, Lyles & King and Seventeen.
Fundings & Exits – TechCrunch