Raises $8.5M in Series B Funding, 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, is an online art sales site that offer limited editions and original works from artists.



Related News:
31/01/2012: Closes $2.5M Series A Financing
29/03/2011: Artspace Raises $1.2M

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