About Masterworks
Masterworks is a company based in New York (United States) founded in 2017 by Josh Goldstein, Hai Tran, and Scott Lynn.. Masterworks has raised $220.74 million across 3 funding rounds from investors including Galaxy Interactive, Tru Arrow Partners and Left Lane Capital. The company has 200 employees as of July 27, 2023. Masterworks has completed 1 acquisition, including Arthena. Masterworks operates in a competitive market with competitors including Collectionair, The MARC Exchange, ArtSquare.io, aShareX and Entrex, among others.
- Headquarter New York, United States
- Employees 200 as on 27 Jul, 2023
- Founders Josh Goldstein, Hai Tran, Scott Lynn
- Stage Unicorn
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Sectors
Business ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$476.86 K (USD)0as on Dec 31, 2016
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Net Profit
$-541.14 (USD)0as on Dec 31, 2016
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EBITDA
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Total Equity Funding
$220.74 M (USD)
in 3 rounds
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Latest Funding Round
$150 K (USD), Series A
Aug 12, 2024
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Investors
Galaxy Interactive
& 2 more
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Employee Count
200
as on Jul 27, 2023
- Investments & Acquisitions
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Funding Insights of Masterworks
Masterworks has successfully raised a total of $220.74M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $150 thousand completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $150,000
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First Round
First Round
(01 Oct 2021)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - Masterworks | Valuation |
investors |
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| Oct, 2021 | Amount | Series A - Masterworks | Valuation |
investors |
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| Oct, 2021 | Amount | Series A - Masterworks | Valuation | Left Lane |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Masterworks
Masterworks has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Galaxy Interactive, Tru Arrow Partners and Left Lane Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage interactive tech startups are funded by Galaxy Interactive.
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Founded Year | Domain | Location | |
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Technology and fintech companies receive investments from Tru Arrow Partners.
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Founded Year | Domain | Location | |
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Investments are directed toward high-growth consumer and internet technology companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Masterworks
Masterworks has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Arthena. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Investments in artwork are enabled through machine learning solutions.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Masterworks
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Masterworks Comparisons
Competitors of Masterworks
Masterworks operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Collectionair, The MARC Exchange, ArtSquare.io, aShareX and Entrex, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online Marketplace for fine art
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| domain | founded_year | HQ Location |
Investment Platform for antiques and collectibles
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| domain | founded_year | HQ Location |
Software solutions for the artwork industry using blockchain are provided.
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| domain | founded_year | HQ Location |
Platform for fractional investing in art, cars, and collectibles through auctions.
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| domain | founded_year | HQ Location |
Functions as an online platform for alternative investments.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Masterworks
Frequently Asked Questions about Masterworks
When was Masterworks founded?
Masterworks was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Masterworks located?
Masterworks is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Masterworks?
Scott Lynn is the current CEO of Masterworks. They have also founded this company.
Is Masterworks a funded company?
Masterworks is a funded company, having raised a total of $220.74M across 3 funding rounds to date. The company's 1st funding round was a Series A of $110.59M, raised on Oct 01, 2021.
How many employees does Masterworks have?
As of Jul 27, 2023, the latest employee count at Masterworks is 200.
What is the annual revenue of Masterworks?
Annual revenue of Masterworks is $476.86K as on Dec 31, 2016.
What does Masterworks do?
Masterworks was founded in 2017 in New York, United States, as an online platform in the art investment sector. Blue-chip artworks are acquired from major auction houses, private collectors, and established galleries. Fractional shares representing ownership in these artworks are made available for purchase by investors. A secondary market is facilitated for trading these shares, with options to hold until the artwork is sold at auction or privately.
Who are the top competitors of Masterworks?
Masterworks's top competitors include Collectionair, ArtSquare.io and The MARC Exchange.
How many acquisitions has Masterworks made?
Masterworks has made 1 acquisition, including Arthena.
Who are Masterworks's investors?
Masterworks has 3 investors. Key investors include Galaxy Interactive, Tru Arrow Partners, and Left Lane Capital.
What is Masterworks's valuation?
The valuation of Masterworks is $1B as of Oct 2021.
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