Artory, the art world’s leading blockchain-secured, digital art registry, closes fundraise with major VCs
Press Release
BV Ventures (BVV) acted as strategic partner to Artory Inc. on its successful fundraise
Zug, September 2021. BV Ventures is pleased to announce it acted as a strategic partner to Artory Inc. in its USD4.5m fundraise co-led by Borderless Capital, the investment arm of the leading blockchain protocol Algorand and Jsquare, the new digital asset venture firm co-founded by DFG founder James Wo, with current investors contributing to the round, too.
Artory was an early pioneer in the registration of verified provenance information about artworks and collectibles. Artory has developed a proprietary digital certificate to prepare the most trusted artworks for tokenization and thus efficient trading in the financial and crypto markets and the creation of financial products on top of artworks. Partnerships with art market industry leaders and esteemed art collectors have already demonstrated Artory’s unique value proposition in addressing inefficiencies and risks in the current legacy systems. Founded by well-known executives from the art industry and the art-data space, Artory is already backed by prominent investors, UHNWIs and esteemed art collectors who are actively contributing to Artory’s growth story.
With this fundraise Artory plans to expand its team and to further accelerate the development of its unique blockchain-based solution ascertaining the complete provenance, ownership and authenticity of an artwork. The unique combination of Artory’s technology, deep art market expertise and trusted partnerships, places Artory on an accelerated trajectory to capture the upside potential of the rapidly emerging tokenization and NFTs markets.
Nanne Dekking, founder and CEO of Artory, commented: “We are thrilled to have secured this investment round from such strong institutional investors including Borderless Capital, Jsquare, and all our backers. This capital raise helps us accelerate our vision of being at the forefront of digital registry and the go-to partner for art-based financial products, tokenized solutions and NFTs. BVV has been a great advisory partner to us, their sector expertise and efficient process helped us navigate throughout complexities and were instrumental in delivering a successful transaction”
Borderless Capital CEO and founding managing partner, David Garcia, commented, “The future of the art market is on top of blockchain technology, and Artory is ahead of the curve playing a key role to transform this legacy industry. We are proud and excited to join Artory and the team, and we support their vision of building new financials rails for the art ecosystem.”
* * *
About BV Ventures (BVV)
BVV is a Swiss-Singaporean venture capital firm and M&A boutique fully dedicated to emerging technologies and blockchain. It is a member of the Draper Venture Network (DVN), a global alliance of leading venture investors collectively managing more than $2bn. BVV has offices in Zug, Zurich and Singapore and partnerships in London, Frankfurt, San Francisco and Israel.
For more information, please visit www.bvventures.ch
