Overview

Artsy connects art collectors with galleries, artists, and art fairs through its digital platform. It provides tools and resources that help art businesses improve their online presence and increase sales. Artsy's services include brand building, marketing strategies, sales optimization, and collector relations, which are designed to assist clients in navigating the art market. The platform generates revenue through subscription fees from galleries and artists, as well as commissions on sales made through its site. Artsy also offers webinars and expert discussions to provide valuable insights to its users. The goal of Artsy is to support art businesses in expanding their reach and engaging with a wider audience in the digital space.

Simplify's Take

What believers are saying

• Increased interest in digital art and NFTs is driving more collectors to Artsy.
• Collaborations with major art fairs expand Artsy's visibility and credibility in the art world.
• Appointment of Dustyn Kim as president highlights Artsy's commitment to diversity and inclusion.

What critics are saying

• Emerging competition from new digital art platforms could dilute Artsy's market share.
• Volatility in the NFT market poses a risk to Artsy's potential revenue streams.
• Direct-to-consumer sales via social media could reduce Artsy's relevance in the market.

What makes Artsy unique

• Artsy is the world's largest online art marketplace with over 1 million artworks.
• The platform connects collectors with 4000+ galleries and top auction houses globally.
• Artsy offers comprehensive digital marketing tools for art businesses to enhance online presence.

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Funding

Total Funding

$100.7M

Below

Industry Average

Funded Over

6 Rounds

Notable Investors:

BoxGroup

Notable Investors:

BoxGroup

$50,000,000

Series D

Jul 2017

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Below Average

Industry standards

Ind Avg. $77M

$49M

$50M

$50M

$70M

$80M

$100M

View all funding stages