Artspace Raises $2.5 Million For Its Contemporary Art Marketplace

Artspace, an e-commerce startup that helps connect contemporary artists and galleries with potential customers, has raised a $2.5 million Series A funding round with participation from Felicis Ventures, Accelerator Ventures, Blue Equity LLC, and Metamorphic Ventures.The round also includes a wide range of accomplished entrepreneurs. The full roster: Michael Yavonditte (Hashable, Quigo), David Rosenblatt (1stdibs.com, Doubleclick), Dave Morgan (Simulmedia), Seth Goldstein (turntable.fm), Thomas Stemberg (Founder/former CEO of Staples); Rob Selati (Madison Dearborn Capital Partners); Todd Simon (CEO of Omaha Steaks) and Peter Ricketts (former COO of Ameritrade). The company previously raised a $1.2 million seed round last spring.Artspace is setting out to make contemporary art accessible to those of us who aren't necessarily deeply immersed in the art world already — and to help connect artists and galleries with potential buyers. The site also allows art fairs to create a virtual representation of their fair, which helps expand the number of potential buyers beyond those who can attend an event in-person.]]>

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