TGV 4 Plus Fund (TGV) has committed $2 million to Printler, a rapidly growing platform that connects independent artists with global buyers. The investment, a mix of secondaries and a convertible note, will enable Printler to accelerate its international growth and further develop its AI-driven platform.
In 2024, Printler experienced a 73% growth rate, significantly outpacing the European e-commerce market, which grew by less than 10%. Despite this success, there is still vast potential in Europe that has yet to be tapped. With plans for a non-European launch, Printler is positioned to expand into even larger markets, with AI technology playing a key role in matching buyers with artists worldwide. Turnover for 2024 is projected at $7 million, with expectations of surpassing $10 million in 2025. Printler has been cash-flow positive since mid-2023.
Andreas Holmgren, CEO of Printler, commented on the investment:
“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 shown strong results in matching customers with artworks tailored to their preferences. With TGV’s greater involvement, the company will focus on further refining its AI tools, improving the user experience for both buyers and artists, while scaling its operations globally.
Fredrik Adolfsson, managing partner at TGV, said:
“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 discussed the future direction of Printler:
“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.”