Artsy, a New York, NY-based art education and collecting platform, secured $25m in Series C funding.
The round was led by Catterton, joined existing investors Rich Barton, Sky Dayton, Lee Fixel, Larry Gagosian, Joe Lonsdale, Wendi Murdoch, the Rockefeller family, Peter Thiel, Thrive Capital, and Dasha Zhukova. In conjunction with the funding, Catterton’s Michael Farello joined Artsy’s board of directors.
The company intends to use the funds to expand operations.
Led by Carter Cleveland, founder and CEO, and Sebastian Cwilich, president and COO, Artsy is an online platform for learning about and collecting art from over 3,000 galleries, 400 museum and institutional partners, and over 50 select art fairs and auctions. It provides free access via its website and iPhone app to 250,000 images of art and architecture by 40,000 artists. The database is powered by The Art Genome Project, a classification system that maps the connections between artists and artworks.