ArtBinder, a New York-based app that allows galleries to present artworks remotely, raised $3.17m in Series A funding.
The round was led by Index Ventures with participation from Leon Black, CEO and Founder Apollo Global Management; Matt Cohler former VP of Product at Facebook; Adam Freed, former COO of Etsy; Bruce Gibney, former partner at Founders Fund; Ben Sontheimer, CEO of Vault Partners; Collector and philanthropist Maria Baibakova; HRH Alia Al-Senussi; Julio Pekarovic, CFO at Quantcast; Abdullah Al-Turki; and David Rosenblatt, CEO of 1stdibs.com.
The company intends to use the funds to expand its latest product, ArtBinder Viewer, a free iPad app for browsing artists and galleries around the world, which launches in summer 2014, and to further its technology and infrastructure to support its roster of international clients.
Led by founder and CEO Alexandra Chemla, ArtBinder provides and app that enables galleries to present artworks remotely to streamline the sales, presentation and distribution experiences both within and beyond their gallery walls.
Its client list include over 300 international galleries and dealers (such as David Zwirner, Gavin Brown’s Enterprise, Hauser & Wirth, Gladstone Gallery, Lisson Gallery, and Pace).