Artfinder secures £834k Series A follow on investment via Crowdcube
The online art marketplace completed its first crowdfunding campaign with backing from 1,320 investors.
Artfinder operates a global online marketplace connecting independent artists and galleries with buyers of original artwork. The platform supports thousands of international creators while championing certified B Corporation standards.
Art Discovery, trading as Artfinder, has secured £834.1k in a Series A follow on investment via Crowdcube. The four-week crowdfunding campaign drew backing from 1,320 investors and values the business at £10m.
The raise follows a period of strong sales growth for the platform, which recorded its best quarter in seven years during the second quarter. Funds raised from the campaign will be directed towards faster artist payments, platform enhancements for buyers and sellers, customer service improvements, and expanded customer acquisition.
From the founder
"We believe that Crowdcube’s focus on the B Corp movement was really powerful in convincing their community of investors and entrepreneurs to invest in Artfinder. It is an honour for us to be serving such a great community and also to have so many of our artists and customers on board as our shareholders, engaging all our stakeholders in the business."
Michal Szczesny
CEO at Artfinder
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
Investors
Categories
About the company
Artfinder
Artfinder operates a global marketplace connecting independent artists and galleries with art buyers.