What is Bluethumb?
Bluethumb operates as a comprehensive online platform dedicated to the sale of original Australian art. It showcases a diverse collection spanning abstract, nature, and Aboriginal art, featuring works from over 30,000 Australian artists. The company facilitates the sale of thousands of artworks, offering convenient services such as free shipping and returns. Beyond its e-commerce function, Bluethumb extends professional art services to trade buyers and provides an art advisory service to guide clients in their acquisitions. Established in 2012, Bluethumb has cultivated a strong reputation, enabling the sale of over 110,000 original artworks and positioning itself as a key player in the digital art market.
How much funding has Bluethumb raised?
Bluethumb has raised a total of $1M across 1 funding round:
Series A
$1M
Series A (2017): $1M with participation from QUT Creative Enterprise Australia and Grand Prix Capital
Key Investors in Bluethumb
QUT Creative Enterprise Australia
QUT Creative Enterprise Australia is an incubator focused on developing, growing, and establishing creative businesses. They leverage a strong network to assist emerging creative ventures in sectors like fashion, design, interactive media, film, television, and music, supporting businesses from startup to global expansion.
Grand Prix Capital
Grand Prix Capital is a private venture capital and investment firm specializing in rapid growth, start-up, private, and microcap listed businesses. They provide investment services for early-stage companies, venture debt, growth capital, and advisory services, with a commitment to philanthropy and adding value to ventures.
What's next for Bluethumb?
The recent major strategic investment signals a new phase of growth and expansion for Bluethumb. This financing is expected to fuel further development of its platform, enhance its market reach, and potentially broaden its service offerings. The company is well-positioned to leverage this capital to solidify its leadership in the online art sector, attract more artists and buyers, and explore new avenues for art commerce and advisory services.
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