Swiss online art marketplace fineartmultiple secures Series A funding; sells minority stake to ProSiebenSat.1

Fineartmultiple, a Lucerne/Berlin-based online platform for contemporary art collectors, has secured a Series A funding round from - and sold a minority stake to - German media company ProSiebenSat.1 Media at an undisclosed amount in cash and media for equity, tech.eu has learned.

The art platform, which is owned and run by Swiss startup studio (aka 'company builder') Koidl & Cie, will launch on September 17th as a network for art collectors to browse, discover, and buy exclusive editions or multiples from contemporary artists.

The venture is currently run by entrepreneur and author Roman Maria Koidl, an art collector himself and founder of Kunsthalle Koidl, a contemporary art gallery in Berlin. Fineartmultiple says it has been built "for collectors by collectors" with certificates of authenticity and provenance on all art sold on the site and no surcharges.

Also read:

How tech is changing the world of art – 10 exciting European art startups to watch for

European online auction house Catawiki raises $82 million in Series C funding

Berlin’s Auctionata aims to digitise and democratise the auction experience

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