| Online subscription-based art products sales company Artify It raises USD 800,000 from Quest Ventures led group of investors | |
| Date reported: | 24-April-2012 |
| Type: | Investments |
| Sector Group / Sector: | Internet / Online retailing |
| Buyer / Investor | |
| Name: | Quest Ventures, Peter Thiel and Benjamin Ling |
| Location: | North America & Caribbean / United States |
| Business type: | Financial |
| Target / Investee | |
| Name: | Artify It |
| Location: | North America & Caribbean / United States |
| Seller | |
| Name: | N.A. |
| Location: | North America & Caribbean / United States |
| Business type: | Trade |
| Deal details | |
| % stake: | N.A. |
| Amount: | USD 800 thousands |
| Description: | Online subscription-based art products sales company Artify It raised USD 800,000 in seed financing round from Quest Ventures led group of investors. Angel investors including Peter Thiel and Benjamin Ling also took part in this round of investment. The company intends to utilize the invested capital for the development of its platform as well as for enhancing marketing and promotional activities for the public launch of its services. Led by Lorenzo Thione, Artify It is engaged in operating and online platform that allows subscribers to search, rent and buy original art products. The platform operates as a social community for buyers, artists and art lovers to interact. |
| Advisors | |
| N.A. | |