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This article was published on November 27, 2012

    Spain’s ArtTroop raises $415k to build out its P2P art marketplace

    Spain’s ArtTroop raises $415k to build out its P2P art marketplace Image by: STAN HONDA
    Martin Bryant
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    Martin Bryant

    Founder

    Martin Bryant is founder of Big Revolution, where he helps tech companies refine their proposition and positioning, and develops high-qualit Martin Bryant is founder of Big Revolution, where he helps tech companies refine their proposition and positioning, and develops high-quality, compelling content for them. He previously served in several roles at TNW, including Editor-in-Chief. He left the company in April 2016 for pastures new.

    Spain-based art marketplace startup ArtTroop has announced €320,000 ($415,000) in fresh funding to improve its platform and scale internationally.

    The Spanish language service, which ArtTroop says is used as widely as the US, Poland and Latin America, allows artists to list their works – from sculptures to digital art – at prices ranging from €10 to €25,000. The company was founded in October 2011 and currently boasts 400 sellers.

    Although artists have plenty of options when it comes to selling their works online – from eBay to Etsy – ArtTroop’s approach is akin to ‘Pinterest with a Buy button’. Aside from buying and selling art, users can vote for their favorite works and comment on individual pieces. The startup currently offers the service completely free of charge.

    The fresh funding includes €100,000 from the BBooster Seed Capital Fund, and Caixa Capital Risc, €85,000 from private investors, plus€135,000 from the Valencian Institute of Finances (IVF) as part of an agreement with the Business Booster accelerator, which ArtTroop took part in.

    More recent European startup funding: Can Instagram analytics be a business? Teleportd lands $1m to give it a shot with Nitrogram 

    and Digital publisher Vertical Media raises 600,000 euros to boost European startup coverage.

    Top image credit: AFP / Getty Images