TGV 4 Plus Fund (TGV) has announced a further $2 million investment into Printler, an innovative platform revolutionising how independent artists reach a global audience. This investment includes both secondaries and a convertible note.
Printler has demonstrated an outstanding 73% growth in 2024, significantly outpacing the European e-commerce market, which grew by less than 10%. Despite this rapid growth, Printler has only begun to explore the European market, leaving significant opportunities untapped. A non-European launch is on the horizon, targeting even larger markets as AI continues to connect buyers with artists worldwide. Turnover for 2024 is projected to reach $7 million, with expectations of more than $10 million in 2025. Printler 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.”
The platform’s use of AI has already been instrumental in matching customers with artworks that suit their tastes. With TGV’s greater involvement, Printler plans to further refine its AI capabilities, enhancing the user experience for both buyers and artists, while scaling the business more effectively.
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, CEO of Printler, shared his thoughts on the company’s future direction:
“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.”
