Trademylux secures £300k seed investment from TRICAPITAL and Scottish Enterprise to launch art resale platform.
TRICAPITAL and Scottish Enterprise backed the funding round to help launch the company's inaugural fine art resale marketplace.
Trademylux operates digital resale platforms for high-end goods, beginning with an online marketplace for pre-loved art. The business provides a secure and transparent alternative to traditional auction houses.
Trademylux has secured £300k in seed funding from TRICAPITAL and Scottish Enterprise to launch its inaugural luxury goods resale platform. Trading as sellmyartworks, the venture aims to provide a transparent and cost-effective digital marketplace for pre-owned art.
Founder Bob Corsie noted that the platform addresses a gap in the market by catering to artworks outside the limited selection handled by traditional auction houses. The company plans to facilitate the sale of more than 300 artworks in its first year.
The fresh capital will support the company as it rolls out its initial art resale service, with plans to expand into other luxury goods sectors as the business matures.
From the founder
"This is a project we have worked on for several years but was put on ice because of the Covid pandemic and we are now delighted to be supported financially and strategically by TRICAPITAL and Scottish Enterprise."
Bob Corsie
Founder at Trademylux
Investor perspective
"We are delighted to be able to support Trademylux as it sets out on the first chapter of what looks like an exciting journey."
Moray Martin
CEO, TRICAPITAL
