Artsper.com has closed its second funding round in two years, with the latest raising €1.2m, the business has announced.
The previous round raised €300,000 in March 2014. And the business, founded in 2013 by Hugo Mulliez and François-Xavier Trancart, has now raised more than €1.5m for growth and the evolution of its online offering.
Investors include Artsper’s historical business angels as well as recognised experts in the fields of e-commerce, communication and art.
The online art-selling sector is widely believed to be one of the highest-potential growth markets in the creative industries, with Christie’s and Sotheby’s highlighting its value.
Artsper is one of the main player of the art market in France and is now turning to United Kingdom and Europe in order to propose a wider scale of artworks and bring international visibility to its partner galleries.
It currently covers more than 15,000 artworks across 400 galleries and 2,500 artists.
Further reading: Edge Investments announces £40m fund