About TurningArt
TurningArt is a company based in Boston (United States) founded in 2009.. TurningArt has raised $2.92 million across 3 funding rounds from investors including FJ Labs, NextView Ventures and Niraj Shah. TurningArt has completed 1 acquisition, including Distinctive Art Source. TurningArt offers products and services including Art Advisory, Turnkey Art Service, and Artwork Curation. TurningArt operates in a competitive market with competitors including Artsicle, Artify It, Artwardly, Art Remba and Curina, among others.
- Headquarter Boston, United States
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.92 M (USD)
in 3 rounds
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Latest Funding Round
$668.54 K (USD), Seed
Jun 02, 2014
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Investors
FJ Labs
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of TurningArt
TurningArt offers a comprehensive portfolio of products and services, including Art Advisory, Turnkey Art Service, and Artwork Curation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides guidance on art selection and programming for organizations
Manages full art curation, installation, and rotation processes
Selects and customizes art collections from a large catalog
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Funding Insights of TurningArt
TurningArt has successfully raised a total of $2.92M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $668.54 thousand completed in June 2014. 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 Seed — $668,542
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First Round
First Round
(18 May 2011)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Seed - TurningArt | Valuation |
investors |
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| May, 2012 | Amount | Seed - TurningArt | Valuation |
investors |
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| May, 2011 | Amount | Seed - TurningArt | Valuation | NextView Ventures |
| 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 TurningArt
TurningArt has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include FJ Labs, NextView Ventures and Niraj Shah. 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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Seed-stage tech startups are invested in by NextView Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location | |
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NS
Niraj Shah |
Co-founder of WayCool Foods, active angel investor in agritech
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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 TurningArt
TurningArt has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Distinctive Art Source. 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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Art consultancy for evidence-based healthcare design is provided.
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2003 |
| 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 - TurningArt
| 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 |
Turningart Comparisons
Competitors of TurningArt
TurningArt 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 Artsicle, Artify It, Artwardly, Art Remba and Curina, 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 |
Operates an online marketplace for renting art from emerging artists.
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| domain | founded_year | HQ Location |
Offers art rental services to subscribers for flexible access.
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| domain | founded_year | HQ Location |
Artwork is leased online to individuals and businesses.
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| domain | founded_year | HQ Location |
Operates a subscription-based platform for art rentals.
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| domain | founded_year | HQ Location |
Offers online art sales, rentals, and consultations for individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Turningart
Frequently Asked Questions about TurningArt
When was TurningArt founded?
TurningArt was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is TurningArt located?
TurningArt is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is TurningArt a funded company?
TurningArt is a funded company, having raised a total of $2.92M across 3 funding rounds to date. The company's 1st funding round was a Seed of $750K, raised on May 18, 2011.
What does TurningArt do?
TurningArt was founded in 2009 in Boston, United States, as an artwork rental service in the art sector. Rental options are offered for homes and offices, with pieces exchanged as needed for a minimum of 10 monthly. ArtCredit is accumulated by renters per selected item, redeemable for reproductions or originals. Artists receive royalties on rented prints and revenue shares from website sales.
Who are the top competitors of TurningArt?
What products or services does TurningArt offer?
TurningArt offers Art Advisory, Turnkey Art Service, and Artwork Curation.
How many acquisitions has TurningArt made?
TurningArt has made 1 acquisition, including Distinctive Art Source.
Who are TurningArt's investors?
TurningArt has 4 investors. Key investors include FJ Labs, NextView Ventures, Niraj Shah, and Thomas D Lehrman.