Announces Growth Investment in Art Storefronts
Summary
Based in Austin, TX, Art Storefronts provides an all-in-one platform enabling painters, photographers and other creatives to operate and successfully grow their online art businesses.Art Storefronts provides artists with the tools, framework, and support to launch their online businesses and consolidate existing solutions into one centralized offering. The platform increases the value of its customers brands while equipping them with the tools to build a successful business.With the backing of PeakEquity Partners, this investment will enable Art Storefronts to rapidly enhance our extensive range of products and features, which will give our customers increased capabilities and further their potential for achieving greater success. There is strong product-market fit as demonstrated by the companys best-in-class customer retention and high NPS.Jim Sheward, Senior Operating Partner at PeakEquity, continued, Art Storefronts has done an exceptional job achieving scale in a capital efficient, bootstrapped manner. The broader creator economy represents a multi-billion dollar industry and has seen a recent surge, largely driven by the democratization of art coming from lower barriers to entry in todays environment. Art Storefronts is providing the platform for these artists to create and build real equity in their businesses.Troutman Pepper Hamilton Sanders LLP acted as legal counsel to PeakEquity.