Capital raising Advice for the owners of ArtOrigo.com in selling the company’s minority shares to Gran Private Equity.
ArtOrigo.com was founded in 2017 by two Hungarian private individuals with the aim of providing an online platform primarily for galleries and art professionals to sell a variety of artwork, primarily furniture, paintings, lamps and home furnishings. In addition to photos, videos are often used to help to get to know the products in more detail. ArtOrigo.com still has around 40 galleries of subscribers from around the world.
The company uses the newly raised capital to achieve its growth goals, reinforcing the ArtOrigo.com team with new professionals, promoting the sale of products displayed on the platform, and further promoting the platform to galleries and the international art buyer community.
Gran Private Equity Provides £ 1.5 million to ArtOrigo.com for the minority interest.
Owning four active funds, Gran Private Equity is one of the most active players in the Hungarian start-up world with more than 25 investments.
Concorde MB Partners was the exclusive advisor to the owners of ArtOrigo.com in raising capital.
