TGV 4 Plus Fund (TGV) has committed $2 million to Printler, a fast-growing platform that is transforming how independent artists connect with a global audience. The investment, a mix of secondaries and a convertible note, will support Printler’s continued growth and global expansion.
In 2024, Printler recorded an impressive 73% growth, significantly outpacing the European e-commerce market, which grew by less than 10%. Despite this success, there is still significant untapped potential in Europe. With plans for a non-European launch, Printler is set to expand further, leveraging AI technology to connect buyers and artists worldwide. Turnover for 2024 is expected to reach $7 million, with projections of over $10 million in 2025. The company has been cash-flow positive since mid-2023.
Andreas Holmgren, Printler’s CEO, commented:
“TGV is adding extra power with their global reach and partner network, and I am happy that we could find a way to onboard TGV deeper into the company.”
Printler’s AI-driven platform has already proven effective in helping customers find artworks that suit their personal tastes. With TGV’s increased involvement, Printler will focus on enhancing its AI tools to further improve the buying experience and support scaling efforts.
Fredrik Adolfsson, TGV’s managing partner, added:
“Printler’s success so far shows the strength of combining AI with a unique marketplace. We’re excited to help them build on these results. With our global presence, we are confident that we can support Printler in bringing this vision to a much larger audience.”
Andreas Holmgren also shared his vision for Printler’s future:
“Art is personal. Intelligent technology is crucial to make it easier for buyers to find the pieces that truly resonate with them. With TGV’s global network, we’re able to focus on enhancing these capabilities to offer an even better experience for both artists and art lovers as we continue our international expansion.”