Artscapy, an art investment platform that reports £150 million in managed art, is nearing its initial funding target on Seedrs.
According to the offering page, Artscapy has a funding target of £650,009 at a pre-money valuation of £12.9 million. The company is offering a 4.78% equity stake in the business. The offering is EIS qualified so there are tax benefits. The security is also being offered under the Seedrs Nominee structure and is pre-approved for the Secondary Market. As of today, 74 investors have committed over £615,000 to the securities offering.
Artscapy reports that its more than 6,000 members increased its top-line revenue by 118% during the 2022 to 2023 period. The alternative investment platform aims to provide access to the $68 billion art market, which the company says beats the stock market.
Artscapy monetizes its business by charging brokerage fees and other services. Currently, the art investment platform reports generating £58,000 a month. Some of the services listed on the website include insurance, valuations, consignments, advisory services, and more.
Some of the latest investment opportunities include art by Jean-Michel Basquiat.
The securities sale is scheduled to be available for three more weeks.
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