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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