Art News

Online Art Network Snares Major Seed Funding

NEW YORK, N.Y.- Silicon Alley-based startup COMPANY a social network for contemporary art collectors and online art market announces their first seed funding of $1.6 million. The capital was raised from New York angel investors including the Reen Family Office and Ten Paces Capital Partners. COMPANY also has an offline networking event series and reality cable show debuting in the fall. COMPANY is the only online art market offering collectors of contemporary and emerging art a curated secondary market to sell and exchange artworks from their own collections as well their recently unveiled website expansion offering Limited Edition Prints from the hot young artists exclusively. The business was launched only this past March and already generating a profit which made for a quick capital raise. In the coming weeks, COMPANY will debut its art rental business modeled on Netflix and AirBNB catering to commercial