# Masterworks.io

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/masterworks-io

- Industry: Internet
- Headquarters: New York, US
- Website: www.masterworks.io
- Total disclosed funding: $110M
- Latest round: Series A (Oct 5, 2021)
- Investors on record: 3

## About

Based in New York, US, and founded in 2017, Masterworks.io, LLC operates as a fine art investment platform. Scott W. Lynn (CEO), Josh Goldstein, Alberto Simon, and Hai Minh Tran are the co-founders of the company. In October 2021, Masterworks.io, LLC raised USD 110 million in a series A funding led by new investor Left Lane Capital, with participation from other new investors Galaxy Interactive and Tru Arrow Partners. Other unspecified investors also participated in the round.

The company’s platform enables investors to own shares in well-known artworks. Artwork is held in a climate-controlled, secure environment while Masterworks searches for an independent collector or buyer to sell at a profit. When an item is sold, the investor receives a proportionate share of the profit based on their initial contribution.

The company generates revenue through the selling of art, the platform takes a flat 20 percent commission if the painting has increased in value. Investors also pay a 1.5% annual management fee for each year they invest with Masterworks.

Masterworks.io, LLC plans to accelerate growth into all types of distribution, including financial advisors, wirehouses, and institutions.

## Funding rounds

- Series A, Oct 5, 2021, $110M — Galaxy Asset Management, Left Lane Capital, Tru Arrow Partners

## Investors

- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Series A
- Left Lane Capital (https://capitalatlas.ai/funds/left-lane-capital) — Series A
- Tru Arrow Partners (https://capitalatlas.ai/funds/tru-arrow-partners) — Series A