Danish startup Artland has closed $1M in seed funding for a social artwork market app that goals to attach galleries patrons. It’s additionally hoping to draw newcomers with an urge for food to purchase artwork however who don’t essentially know how you can go about studying in regards to the market.
We lined the startup final fall. On the time the founders informed us it had raised a small undisclosed quantity of seed funding. It now says that earlier elevate was slightly a pals, household and fools spherical; that is the primary official seed funding.
Buyers backing Artland for this seed embody skilled handball participant, Mikkel Hansen; Olympic dressage champion Andreas Helgstrand; musician and songwriter Shaka Loveless; and Airhelp founders, Nicolas Michaelsen and Poul Oddershede.
The new funding might be used to speed up development of the 2016 based startup — specializing in product refinements and including sources for scaling operations so it might onboard extra of its important goal customers: Collectors and galleries.
At this level it says the Android and iOS apps have 18,000 registered customers. It additionally has 75 gallery companions the world over.
The enterprise mannequin depends on taking a subscription charge from galleries in change for Artland providing them a channel to succeed in collectors. So rising an art-buying neighborhood might be key.
Customers can create profiles, add photographs of their collections and join with different artwork lovers and — hopefully additionally, from the galleries’ viewpoint — make a purchase order or two. Artists also can use the app to showcase their work however all gross sales are carried out by way of the gallery customers.
Artland names Charles Riva, Victor Benady and Rolando Jimenez as being among the many collector customers of its app at this stage, whereas gallery companions embody Nils Stærk, Lyles & King and Seventeen.