Artcomun
Aims to enable everyone to create, collect and trade art in one platform by the power of algorithms.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor investor investor investor investor investor | €0.0 Valuation: €0.0 | round | |
N/A | - | ||
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
Related Content
Artcomun is a dynamic startup operating in the burgeoning digital art market. Founded in October 2021 by Mertcan Alganolu and Osman Dora Kezer, the company aims to revolutionize how art is created, collected, and traded. Artcomun provides a platform that connects independent artists with a global audience, allowing them to showcase and sell their work directly to consumers. This approach eliminates the traditional middlemen, making art more accessible and affordable for buyers while ensuring that artists receive a fair share of the profits.
The company operates in the global art market, which is valued at around $50 billion. This market is increasingly shifting towards digital platforms, driven by the rise of blockchain technologies that highlight the value of owning and investing in digital assets. Artcomun leverages this trend by offering a marketplace where users can explore personalized art experiences powered by algorithms. These algorithms help match users with art that suits their tastes, enhancing the overall user experience.
Artcomun's business model is based on transaction fees. When a piece of art is sold on the platform, Artcomun takes a percentage of the sale price. This model ensures a steady revenue stream as more artists and buyers join the platform. Additionally, the company may explore other revenue avenues such as premium memberships, advertising, and partnerships with art institutions.
The startup recently concluded its pre-seed funding round with a valuation of $2 million, indicating strong investor confidence in its business model and growth potential. Artcomun is currently expanding its team, seeking key roles such as a Vice President of Engineering, a Product UX Lead, and a Marketing Lead to drive its next phase of growth.
In summary, Artcomun is a promising player in the digital art market, offering a unique platform that benefits both artists and buyers. Its focus on algorithm-driven personalization and direct artist-to-consumer sales positions it well for future success.
Keywords: digital art, independent artists, marketplace, blockchain, algorithms, global audience, transaction fees, personalized experience, pre-seed funding, art trading.