Paris-based online art seller Artsper raises €2 million from the owner of the Beaux Arts magazine

Artspert-startup

After having raised €1.2 million in November 2015, Artsper, the European leader for online contemporary art sale, continues its growth story, by just raising additional €2 million from Frédéric Jousset, co-founder of Webhelp and owner of the Beaux Arts magazine.

With the fresh capital, Artsper intends to increase its growth in the French market but also speed up its internationalization. In order to achieve these goals, Artsper is going to double its workforce this year, and move from 27 up to 50 employees, it is looking for web developers, account managers and product managers.

Founded in 2013 and headquartered in Paris, Artsper’s vocation is to offer a new distribution channel and visibility to galleries, in order to make contemporary art more accessible. Artsper aims to make discovering and acquiring contemporary art works much more easier, by offering a digital solution. In full swing, the online art market, which was estimated at $3.3 billion in 2015, is expected to triple and border $10 billion dollars by 2020, according to a Hiscox study.

Since its start, Artsper has managed to unite a community of art amateurs – from beginners to the most conversant collectors. With a catalog of more than 40,000 art work, presented in more than 1,000 galleries throughout the world, Artsper is the European leader in online contemporary art sale.

François-Xavier Trancart, the co-founder of Artsper explains: “Artsper was one of the first to position itself in this market, today it’s a brand which has firmly put down roots in the world of art. We were able to offer a business model, in order to propose a vast catalog of contemporary art works and personalized service, which adapts accordingly, this is to say, the tastes and preferences of users. 2017 will be a pivotal year for Artsper, it’ll be a major turning point in our development and materialize out ambitions of the recent years, which is staunchly turned towards abroad.”