Total amount raised
$110 Millions
Latest funding date
Location
Masterworks has successfully raised funds through a Series A round, attracting investments from notable firms such as Tru Arrow Partners and Galaxy Interactive. The platform specializes in offering art investment products to retail investors.
Continue reading to delve into the details of Masterworks' funding journey and the key investors supporting this unique investment platform.
What Is Masterworks?
Masterworks, founded on September 1, 2017, is headquartered in New York, New York. The company was established by Alberto Simon, Hai Tran, Josh Goldstein, and Scott Lynn.
Specializing in art investment products, Masterworks allows retail investors to buy and trade shares in multi-million dollar masterpieces. This platform democratizes the art world by making high-end art investment accessible to everyone.
Currently, Masterworks employs between 101 and 250 people, contributing to its mission of making art investment more inclusive.
How Much Funding Has Masterworks Raised?
- Series A
- Amount Raised: $110M
- Date: October 2021
- Lead Investors: Left Lane Capital
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To accelerate growth across various distribution channels, including financial advisors, wirehouses, and institutions.
Total amount raised: $110M. Current valuation: Over $1 billion.
Key Investors
- Left Lane Capital
- Details: Left Lane Capital is a New York City-based venture capital firm that led the Series A funding round for Masterworks. The firm focuses on high-growth consumer internet and technology companies.
- Investment Focus Areas: Consumer internet, technology, high-growth startups.
- Notable Investments: Not publicly disclosed.
- Galaxy Interactive
- Details: Galaxy Interactive is a division of Galaxy Digital, co-founded by Sam Englebardt. The firm specializes in investments in the digital and interactive sectors.
- Investment Focus Areas: Digital assets, interactive content, blockchain technology.
- Notable Investments: Not publicly disclosed.
- Tru Arrow Partners
- Details: Tru Arrow Partners is an investment firm co-founded by art collector Glenn Fuhrman. The firm participated in the Series A funding round for Masterworks.
- Investment Focus Areas: Art, collectibles, innovative companies.
- Notable Investments: Not publicly disclosed.
What's Next for Masterworks?
Masterworks stands at the cusp of significant growth opportunities, driven by the increasing interest in alternative investments. The platform's potential to expand into digital assets and NFTs, coupled with its ability to securitize high-value art, positions it to tap into a multi-billion dollar market. This expansion could attract more investors, further diversifying their portfolios with fine art.
Future fundraising efforts are likely to be robust, leveraging the Reg A+ securities exemption to raise additional capital. This will support their ambitious goal of acquiring nearly $1 billion worth of art in the coming years. However, challenges such as competition from other platforms and maintaining investor interest in fractionalized art investments remain. Navigating regulatory requirements will also be crucial as they scale.
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