Last Updated on: 3rd October 2024, 08:10 am
TGV 4 Plus Fund (TGV) has announced a further $2 million investment in Printler, the fast-growing platform revolutionising how independent artists connect with a global audience. The investment includes a combination of secondaries and a convertible note.
In 2024, Printler has achieved an impressive 73% growth rate, far exceeding the European e-commerce market, which grew by less than 10%. Despite this success, there are still vast opportunities within the European market that remain untapped. Looking ahead, the company is preparing for a non-European launch, which will unlock an even larger market, aided by AI technology that connects buyers with the right artists on a global scale. The company’s turnover is expected to reach $7 million in 2024 and exceed $10 million in 2025. Printler has been cash-flow positive since mid-2023.
Andreas Holmgren, Printler’s CEO, said:
“TGV is adding extra power with their global reach and partner network, and I am happy that we could find a way to onboard TGV deeper into the company.”
Printler’s AI-driven tools have already shown strong results in matching customers with artworks that align with their personal preferences. With TGV’s deeper involvement, Printler can focus on enhancing these AI tools, offering a more personalised experience for both buyers and artists while scaling more efficiently.
Fredrik Adolfsson, managing partner of TGV, commented:
“Printler’s success so far shows the strength of combining AI with a unique marketplace. We’re excited to help them build on these results. With our global presence, we are confident that we can support Printler in bringing this vision to a much larger audience.”
Printler’s CEO, Andreas Holmgren, shared his outlook for the future:
“Art is personal. Intelligent technology is crucial to make it easier for buyers to find the pieces that truly resonate with them. With TGV’s global network, we’re able to focus on enhancing these capabilities to offer an even better experience for both artists and art lovers as we continue our international expansion.”
About Printler
Printler is a Swedish creator platform that connects independent artists with art lovers. As of today, Printler is active on 14 European markets, where millions of customers find close to 100.000 artworks from over 17.000 artists on the marketplace. By focusing on AI-driven matchmaking, Printler aims to make art effortless to sell and discover, empowering creators to monetize their art. The platform was brought to life in 2020 by founders Andreas Holmgren and Andreas Önstorp, remaining large shareholders along with Stockholm-based Longrun Capital and Singapore-based TGV.
Buy your mind-blowing art print on www.printler.com
About True Global Ventures, TGV
TGV 4 Plus Fund invests in AI and blockchain-driven companies globally. TGV backs visionary entrepreneurs in sectors including AI, entertainment, technology infrastructure and financial services in early stages and beyond Series B.
