Brian and Eamonn Fallon, profitable entrepreneurs and founders of Eire’s main property web site daft.ie, have invested £200,000 in Artfinder.
Artfinder is a VC funded startup, backed by the buyers behind Spotify and Zoopla. Buyers embrace Wellington Companions, Oxford Capital, Cambridge Angels, plus personal buyers within the UK, the US and Switzerland. In August 2019, Artfinder turned the artwork world’s first B Corp, solidifying its dedication to its values to help artists and make artwork reasonably priced and accessible.
This completes the enterprise’ profitable funding spherical at a complete of £1m. The funding was made by way of DML Capital Ltd, the father or mother firm of Distilled Media Group, co-owners of daft.ie and different Irish on-line marketplaces together with DoneDeal.ie and Adverts.ie. The Fallon brothers convey years of expertise operating profitable enterprises that mixed now attain greater than 1 in 2 adults in Eire.
On-line artwork gross sales develop 160% amid the pandemic
Demand for purchasing artwork on-line continues to soar, as on-line artwork market, Artfinder, but once more data its greatest gross sales quarter in its seven 12 months historical past. Gross sales in Q3 2020 had been up over 160% on prior 12 months, or 11% on the prior document breaking Q2.
Brian Fallon stated: ‘We’re very excited to have discovered Artfinder, a world market, offering distinctive reasonably priced artwork on-line and a Licensed B Company too. These moral credentials are actually essential to us and provides Artfinder a transparent level of distinction available in the market. The corporate has proven super progress rising its group of impartial artists and we sit up for working with the workforce on taking Artfinder’s progress to new heights.’
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CEO Michal Szczesny feedback: ‘It’s actually unbelievable to see Artfinder’s progress speed up additional to 160% 12 months on 12 months and coming into peak season in This autumn, we count on this progress to speed up additional. We are actually serving to extra artists than ever earlier than make a residing, and this might not be any extra essential within the face of the worldwide pandemic.
“With this new funding from Brian and Eamonn we glance to additional scale our platform, bringing reasonably priced, accessible artwork instantly from the artists to hundreds extra clients.”
This funding completes Artfinder’s first crowdfunding marketing campaign, which raised £834,056 from 1,320 buyers in 4 weeks and valued the enterprise at £10m pre-investment.
The cash raised will likely be used to ship sooner artist funds, an improved vendor and purchaser expertise on the platform, improved customer support and scaled up buyer recruitment to convey artwork to a wider viewers of collectors and assist extra artists promote.