TGV 4 Plus Fund (TGV) has announced a further $2 million investment in Printler, an innovative platform that connects independent artists with global buyers. This investment, which includes secondaries and a convertible note, will help drive Printler’s global expansion and further develop its AI-driven marketplace.
Printler has achieved a 73% growth rate in 2024, far outpacing the European e-commerce market, which grew by less than 10%. Despite this growth, Printler still has vast untapped potential in the European market. With a non-European launch on the horizon, the company is set to capture even larger markets, driven by AI technology that matches buyers with the right artists on a global scale. Turnover for 2024 is expected to reach $7 million, with forecasts of exceeding $10 million in 2025. The company has been cash-flow positive since mid-2023.
Andreas Holmgren, CEO of Printler, commented:
“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.”
The platform’s use of AI has already shown strong results in helping customers find artworks that resonate with their personal tastes. With TGV’s deeper involvement, Printler will focus on enhancing these tools to create an even better experience for both buyers and artists, while scaling the business more effectively.
Fredrik Adolfsson, managing partner of TGV, said:
“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, CEO of Printler, shared his thoughts on the company’s 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.”