Cosimo Art

Filling the world with art by empowering artists to sell directly to those who love their work.

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Categories
Technology, Service Businesses
Location
Birmingham, United Kingdom
No. Investors
170
Valuation
£1,200,000
Website
cosimo.art

Company Description




Cosimo is an online marketplace and platform empowering emerging artists to sell their work directly to collectors - without commission fees - so they can turn what they love into what they do.

We founded Cosimo after frustrating experiences working in the commercial art sector, and particularly after seeing the impact of high commission fees (typically 30-50%) on buyers and sellers, both on and offline.

Having bootstrapped our platform from MVP to Early Traction & Revenue*, we’re seeking our first round of external investment to supercharge our growth.

We’ve worked closely with our early adopters to create a platform that works for both sides of the market, and we’re now ready to take it to a wider audience.

We’re on a mission to make art more approachable, accessible, and affordable for all; and we want you to be part of the new Renaissance.

Monetisation strategy
Artist Subscriptions: Artists can currently subscribe to access our full suite of business management tools for £69.99/year. As we introduce more features we will tier our memberships - we've already had successful paid trials up to £250+/year.

Buyer Protection Fees: We plan to launch the Vinted-style Buyer Protection Fee (3-5% charged to buyer) to increase consumer trust and generate revenue while staying true to our founding mission of not charging artists commission.

Education: Working with artist mentors to provide educative material to our community. We've already run workshops and see this falling within new tiered options, as well as one-off payments for events or resources.

Affiliate Marketing: We’ve had trials with companies such as eFrame, the UK’s leading framing website, taking a referral fee on sales directed from Cosimo.

Corporate Partnerships: We see the opportunity to work with corporates by connecting them with artists and commissioning projects as part of their CSR strategy.







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Key Deal Facts

Engaged Community - 600 Registered Users, 3k on Social Media, Marketplace Active - £10k+ in Transactions Facilitated, Revenue Generating - £1k+ in Subscription Revenue 2022*, Award Winning - Uni of Birmingham £15k Start-Up Scholarship
Amount Raised : £129,082
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