Artlogic, a London, UK- and NYC-based provider of a technology platform for the art world, received a Debt financing from CIBC Innovation Banking.
The amount of the deal was not disclosed.
The company intends to use the funds to increase its research and development, and to expand its product offering.
Led by CEO Mike Profit, Artlogic offers a technology platform for the art world, working with over 5,000 galleries, artists, advisors and dealers in more than 70 countries. Its integrated approach combines inventory, accounting, customer relationship management (CRM), website, sales, marketing, and payment solutions, giving players in the art industry all the tools needed to run an art business.
Clients include Thaddaeus Ropac, Royal Scottish Academy, and Stephen Friedman Gallery.
Artlogic was bought by Cove Hill Partners in 2022 and merged with three prominent New York-based art tech firms including ArtBase, exhibit-E, and galleryManager, integrating their expertise and product knowledge into its existing platform.
FinSMEs
18/07/2024