TGV 4 Plus Fund (TGV) has announced an additional $2 million investment into Printler, the platform that connects independent artists with global buyers. The investment, which includes a mix of secondaries and a convertible note, is designed to drive further growth and expansion.
In 2024, Printler has achieved an impressive 73% growth rate, significantly outpacing the European e-commerce market, which grew by less than 10%. Despite this rapid progress, there remains substantial potential in the European market. Plans for a non-European launch are on the horizon, positioning Printler to capture even larger markets as AI technology continues to connect artists with buyers worldwide. Printler’s turnover is expected to hit $7 million in 2024, with projections of over $10 million in 2025. The company has been cash-flow positive since mid-2023.
Andreas Holmgren, CEO of Printler, commented on the investment:
“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 proven effective in matching customers with artworks that reflect their personal preferences. With TGV’s increased involvement, Printler aims to enhance these AI tools further, improving both the buyer and artist experience while efficiently scaling the business.
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 also shared his vision for Printler’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.”