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Peggy

Peggy

AI-powered social marketplace for art

About

Peggy is a social marketplace for contemporary art, leveraging AI and ML technologies to ensure buyer and seller protection, and enabling artists to earn royalties for future secondary sales.

Company Stage

Seed

Employees

11-50

Industries

Social Impact, Consumer Goods, Entertainment

Total Funding

$19.6M

Headquarters

N/A

Founded

2020


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Simplify's Take

What believers are saying

  • Peggy's successful CAD10.8M funding round led by prominent investors like Real Ventures and ZVC indicates strong financial backing and growth potential.
  • Partnerships with renowned contemporary art galleries and artists who have exhibited at prestigious venues like the Venice Biennale and Louvre Abu Dhabi elevate Peggy's market credibility.
  • The ability to authenticate and resell art securely while supporting artists with royalties can attract a loyal user base and foster a sustainable art ecosystem.

What critics are saying

  • The niche market of contemporary art may limit Peggy's user base and growth potential compared to more diversified marketplaces.
  • Reliance on AI and digital fingerprint technology requires continuous innovation and maintenance, posing potential technical and operational challenges.

What makes Peggy unique

  • Peggy's patent-pending digital fingerprint technology for art authentication sets it apart in the art marketplace, ensuring secure secondary sales and artist royalties.
  • The integration of AI for verification and social features in Peggy's app enhances user experience and trust, distinguishing it from traditional art marketplaces.

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Growth & Insights
Headcount

6 month growth

12%

1 year growth

25%

2 year growth

83%

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