# Ascribe

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ascribe-2

- Industry: Business Support Services
- Headquarters: Berlin, Germany
- Website: www.ascribe.io
- Total disclosed funding: $2M
- Latest round: Seed (Jun 25, 2015)
- Investors on record: 2

## About

Ascribe is a digital platform that empowers artists to assert ownership and monetize digital artworks leveraging blockchain technology, thus enhancing the value and legitimacy of digital art transactions.Ascribe, founded in 2014 in Berlin, Germany, provides a platform for digital artists to manage ownership and licensing of their artworks. The company has not undergone any significant pivots. Ascribe's CEO, Rick Kieser, has a background in digital content and entrepreneurship. The company raised USD 2.00 mn in Seed funding on June 25, 2015, from investors including Digital Currency Group and Freelands Ventures, which constitutes its total amount raised.Ascribe's core offering is a platform designed to empower digital artists by facilitating the ownership and monetization of digital artworks through blockchain technology. This platform addresses the challenges faced by collectors and artists in valuing ephemeral digital files, allowing creators to break away from traditional content control and distribution models. Launched in January 2015, Ascribe focused on enabling artists to assert ownership, manage licensing, and establish provenance for their works, creating a secure and legitimate marketplace. The platform serves independent artists, galleries, and institutions navigating the digital art landscape, reaching a global audience of digital content creators and collectors.Ascribe's revenue generation model centers on facilitating transactions between digital artists and collectors through its platform. The business is structured around licensing fees and transaction-based revenues where artists register their works and can earn royalties from sales or licenses. The process involves artists uploading digital files, establishing ownership and licensing terms, and connecting with interested collectors. Pricing plans have not been disclosed, but the platform operates on various fees associated with registration and sales, providing a structured environment for artists to monetize their creations.Ascribe aims to enhance its platform with new features and services to further support digital artists, leveraging recent funding to develop these initiatives. Plans include expanding into North America and Asia by 2025 to tap into larger markets of digital creators and collectors. The recent Seed funding of USD 2.00 mn will support product development and market entry strategies.

## Funding rounds

- Seed, Jun 25, 2015, $2M — Digital Currency Group, Freelands Ventures

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- Freelands Ventures — Seed