Investment Summary

Beamonte Investments Exits Arthena Fine Arts

On March 16, 2023, Masterworks invested in internet software and services company Arthena Fine Arts from Beamonte Investments

Investment Highlights
  • This is Masterworks’ 1st transaction in the Internet Software and Services sector.
  • This is Masterworks’ 1st transaction in the United States.
  • This is Masterworks’ 1st transaction in New York.

Investment Summary

Date 2023-03-16
Target Arthena Fine Arts
Sector Internet Software and Services
Investor(s) Masterworks
Sellers(s) Beamonte Investments
Deal Type Add-on Acquisition

Target

Arthena Fine Arts

New York, New York, United States
Arthena Fine Arts is a provider of cooperative investment platform that focuses on crowdfunding for investments in fine arts. Arthena Fine Arts is based in New York, New York.

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Investor(S) 1

Investor

Masterworks

New York, New York, United States

Category Company
Founded 2017
Sector Internet Software and Services
DESCRIPTION

Masterworks is an online art investment platform that lets you invest in multimillion-dollar works of art by artists like Basquiat, Picasso, Banksy, and more. Masterworks was founded in 2017 and is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

DESCRIPTION

Beamonte Investments is a private equity firm focused on equity investing as well as lending. The Firm does not have any stated sectors of interest, however Beamonte prefers growth companies with recurring revenue, capital efficiency, and strong barriers to entry. Beamonte Investments was formed in 2000 and is based in New York, New York.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 Spire Global

Vienna, Virginia, United States

Spire Global is a satellite-powered data company that tackles the unpredictable business challenges with global data solutions. Spire Global was founded in 2012 and is based in Vienna, Virginia.

Sell -