Art marketplace Artfinder lands $2.2m investment
Latest funding will enable Startups 100 company to expand across the US and develop its search and machine learning technology
Artfinder, the Startups 100-listed art marketplace has closed $2.2m in funding from Oxford Capital and Cambridge-based entrepreneur William Tunstall-Pedoe, alongside Wellington Partners and Cambridge Angels.
Founded in 2013, London-based Artfinder is a platform that connects consumers to artists and art from all over the world, enabling them to buy affordable and original signed paintings, prints and photographs, sculptures and drawings.
The site currently has around 500,000 subscribers around the world, with 8,500 artists and galleries and more than 250,000 artworks.
The investment will be used to fuel expansion across the US, with the opening of offices in Miami and Florida, and to improve its visual search technology and machine learning capabilities.
Jonas Almgren, founder of Artfinder, commented: “Our mission is to create a world where art works. Where everyone owns originals and independent artists can make a living doing what they love. This new investment is an important step forward in rolling that mission out globally.”
Tom Bradley, of Oxford Capital, added: “The business has a high quality, experienced management team which is using innovative technology to create a new and wide marketplace for original art which has traditionally been dominated by niche distributors.
“We believe that Artfinder has an exciting future and will use our experience of supporting early stage technology companies to help it to win the market.”