What is Artsy?
Artsy stands as the world's largest online art marketplace, showcasing over one million artworks from both established and emerging artists. Sourced from more than 4,000 galleries and premier auction houses, the platform offers a comprehensive collection to art collectors and enthusiasts. Artsy enhances the user experience through personalized recommendations, curated editorial content, and diverse artwork categorization by medium, mood, and artist. The company also engages its audience with special collections, auctions, and exhibitions, aiming to simplify art discovery and acquisition for a global user base.
How much funding has Artsy raised?
Artsy has raised a total of $100M across 6 funding rounds:
Other Financing Round
$50K
Debt
$1.2M
Series A
$6M
Series B
$18.5M
Series C
$25M
Series D
$49.3M
Other Financing Round (2010): $50K with participation from Founder Collective and Brainchild Holdings
Debt (2010): $1.2M, investors not publicly disclosed
Series A (2011): $6M supported by Thrive Capital
Series B (2014): $18.5M featuring IDG Capital Partners and Thrive Capital
Series C (2015): $25M backed by Wendi Murdoch, Joe Lonsdale, Sky Dayton, Lee Fixel, Dasha Zhukova, Peter Thiel, L Catterton, Larry Gagosian, Sandy Cass, Thrive Capital, ZhenFund, Rich Barton, and The Rockefeller Family
Series D (2017): $49.3M with participation from Shumway Capital, L Catterton, Thrive Capital, and Avenir
Key Investors in Artsy
Shumway Capital
Shumway Capital is a growth-focused private investment firm that partners with management teams to accelerate company growth and achieve their vision. The firm invests its own capital, providing a permanent base for long-term investments across various high-growth industries.
L Catterton
L Catterton is a global consumer-focused private equity firm headquartered in Greenwich, Connecticut. Since its founding in 1989, the firm has raised tens of billions of dollars across multiple fund families and made more than 275 investments in consumer brands worldwide.
Thrive Capital
Thrive Capital is an investment venture capital company that operates out of New York. Thrive Capital primarily deals in internet and software investments.
What's next for Artsy?
The significant enterprise-level funding and recent strategic investment position Artsy for continued expansion and innovation in the online art market. This capital infusion is likely to fuel further development of its recommendation algorithms, enhance its global gallery and auction house partnerships, and potentially explore new avenues for art discovery and transaction. As a leader in making art accessible, Artsy's strategic backing suggests a focus on scaling its operations, improving user engagement, and solidifying its dominant position in the digital art ecosystem.
See full Artsy company page
