Columnist24 is an online news website that provides the latest breaking news and in-depth analysis on a variety of topics, including politics, business, technology, sports, and entertainment. Our team of experienced journalists and writers is committed to delivering unbiased and accurate news coverage from around the world. With a focus on quality journalism, we strive to provide our readers with the information they need to make informed decisions about the issues that matter most to them. Whether you're looking for breaking news updates, insightful commentary, or in-depth reporting, Columnist24 has you covered.

TGV Invests $2m in Printler to Expand International Presence and AI-Powered Art Platform

TGV 4 Plus Fund (TGV) has invested $2 million in Printler, a rapidly growing platform that helps independent artists reach a global audience. The investment, a combination of secondaries and a convertible note, is designed to accelerate Printler’s global expansion and refine its AI-driven art platform.

Printler has seen an impressive 73% growth in 2024, significantly outperforming the European e-commerce market, which grew by less than 10%. However, much of the European market remains untapped. With plans for a non-European launch, Printler aims to expand further by leveraging AI technology to match buyers with artists on a global scale. Turnover for 2024 is forecasted at $7 million, with estimates exceeding $10 million in 2025. The company has been cash-flow positive since mid-2023.

Andreas Holmgren, CEO of Printler, 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 platform has already proven effective in connecting customers with artworks that suit their personal preferences. With TGV’s deeper involvement, the company plans to further enhance its AI capabilities, improving the customer experience and scaling its business more efficiently.

Fredrik Adolfsson, TGV’s managing partner, 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.”

Andreas Holmgren also discussed Printler’s international ambitions:

“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.

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts