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Artfinder raises £834,000 through crowdfunding round

By Lauren Fruncillo August 18, 2020 - 3:58 pm

The specialist art marketplace, Artfinder, has raised £834,000 from 1,320 investors in their first ever crowdfunding round initiated after the platform experienced a period of exponential growth. According to reports Artfinder recorded its best sales quarter in it’s history in Q2 with 120% sales growth compared to 2019.

“On behalf of the entire team, I wanted to say thank you to everyone who took part in this round and pledged any amount, as well as those who shared our campaign, followed it, or simply wished us well. It is an honour for us to be serving such a great community and now having so many of our artists and customers on board as our shareholders is a fantastic culmination of a long journey of transformation into a B Corp, engaging all our stakeholders (customers and artists alike) in the business.

“We are of course very pleased with the result and at the same time super excited about what this means to Artfinder. We look forward to putting this investment to good use for the benefit of our entire community! We already started looking for more people to join our team and help us transform the platform (more on this on our new careers site).
 
“With so many art businesses struggling to find a sustainable model we are very proud to have indeed found it, and to be serving such an amazing community of talented artists from nearly 100 countries.”

– Michal, CEO, Artfinder

According to Artfinder the money raised in the funding round will be used to deliver faster artist payments, an improved seller and buyer experience on the platform, improved customer service and scaled up customer recruitment to bring art to a wider audience of collectors and help more artists sell. Artfinder provides independent artists in a prosper yet often ignored industry with a place to sell.

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