# Saatchi Online

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/saatchi-online

- Industry: Internet
- Headquarters: Los Angeles, US
- Website: www.saatchionline.com
- Total disclosed funding: $5M
- Latest round: Series B (Apr 1, 2013)
- Investors on record: 2

## About

Saatchi Online is a digital platform that connects artists and collectors, offering an innovative marketplace for contemporary art. The company facilitates art transactions by providing a space for creative expression and commerce.Founded in 2000, Saatchi Online operates from its headquarters in Los Angeles, US. The company specializes in online art sales and was acquired by Demand Media in August 2014 for USD 17.000 mn. Selin Memis founded the company, and Sarah Meller currently serves as its CEO. Saatchi Online has completed four deals to date, with its latest significant transaction occurring in 2014.Saatchi Online provides a platform designed to meet the needs of artists and art collectors, offering innovative software solutions that enhance the buying and selling of artwork. The platform caters to a diverse clientele, including individual collectors and galleries, facilitating seamless transactions and promoting artistic visibility. By leveraging advanced technology, the company strives to empower users in the contemporary art market.Revenue for Saatchi Online is primarily generated through a commission-based model, where artists pay a fee upon the sale of their artwork. The platform has established itself as a significant source of income for many artists, ensuring a straightforward and efficient sales process. The pricing model allows for flexibility, catering to the varying needs of its users while delivering value for their investment.Saatchi Online is focused on expanding its product offerings with new features aimed at enhancing user experience and engagement, although specific release dates have yet to be announced. The company aims to extend its reach into emerging markets such as South America and Asia by 2025. The recent acquisition by Demand Media for USD 17.000 mn is expected to provide the necessary resources to support these growth initiatives and enhance the platform's capabilities.

## Funding rounds

- Series B, Apr 1, 2013 — Project A
- Series A, Jul 23, 2010, $5M — Balderton Capital

## Investors

- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A
- Project A (https://capitalatlas.ai/funds/project-a) — Series B