Artspace.com, a NYC-based online marketplace for high-end art, raised $8.5m in Series B funding.
The round was led by Canaan Partners, with participation from Maria Baibakoba (also a new strategic director and board director), Robert Pittman, David Rosenblatt, Mike Yavonditte, Pamela and Richard Kramlich (NEA) and Tom Stemberg (Staple’s founder).
The company, which previously raised to a $3.7m in Series A funding, intends to use the capital to further develop its platform and expand the service globally, by increasing marketing and supply partners.
Co-founded in 2011 by Catherine Levene and Christopher Vroom, Artspace.com is an online art sales site that offer limited editions and original works from artists.
FinSMEs
20/02/2013
Related News:
31/01/2012: Artspace.com Closes $2.5M Series A Financing
29/03/2011: Artspace Raises $1.2M