Artsy
Bringing the art world online
- 101-200 employees
- B2C
- Marketplace
- Art
- eCommerce
- Tribeca, New York, NY
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Company mission
Artsy’s mission is to make all the world’s art accessible to anyone with an Internet connection. Artsy is used by art lovers and collectors to discover, learn about, and buy art.
Our take
Artsy partners with international galleries, auction houses, art fairs, and museums to create the world’s largest online art marketplace for collecting and discovering art, with more than 1,000,000 works by 100,000 artists. The company charges galleries a fee to upload works on the platform and draws a percentage from the sales.
They're looking to disrupt the global art market, which is worth ~$70bn a year and growing, in the style of Amazon or Spotify. However, despite a flurry of online art startups launching in the past decade, the industry remains dominated by elite auction houses such as Christie’s and Sotheby’s.
Artsy is banking on the emergence of young affluent and digitally-savvy collectors, and there should be plenty of opportunity for them to sell products into this group. Numbers indicate that collectors are becoming more comfortable buying art online: the volume of sales on Artsy grew by up to 150 per cent over the past two years.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Professional development, including: mentoring, lunch & learns, regular training, 1:1 management, and an open feedback culture
- Equity
- Engaging opportunities and internal programming globally, to foster new relationships and build upon our collaborative community. Including: happy hours, holiday parties, global "All Hands" meetings, "Artsy Salon" (a yearly exhibition of our team's creativity), attendance to art world events, and more
- Work from home opportunities
- Flexible time off
Funding (last 2 of 7 rounds)
Jul 2017
$50m
SERIES D
Mar 2015
$25m
SERIES C
Total funding: $100.7m
This company has top investors
Leadership
Mike Steib
(CEO, not founder)Started his career at McKinsey & Co, followed by numerous management positions at NBC Universal, Google, Vente-Privee USA and XO Group.
Carter Cleveland
(Executive Chairman )Obtained a BSE in Computer Science at Princeton University. He then held short term internships at Institute of International Education, Citigroup and Give Real before launching Artsy.