Seven months old startup, Cupick has closed a $120K seed round through a portal TermSheet.io, that connects angel investors and founders to close seed round with zero-friction. Several angel investors from the US and India participated in this round. These include JKN Partners (an angel syndicate), JK Patel, Sushil Agarwal from India and Kalpesh Shethia, Rajeev Mudumba, Dinesh Tadepalli and Sudheshna Vuppala from the US.
Cupick plans to use the funds to expand the product lines it offers, invest in product development so as to retain a technological advantage and to hire key talents across different verticals. The funding will accelerate the company’s growth in asset and user acquisition.
Since its launch in September last year, the startup has seen over 2500 artists register on its site with over 9000 artworks uploaded. Cupick is a platform for the visual artist community illustrators, graphic designers, digital artists, painters, photographers etc to showcase, share and sell their work on various mediums such as t-shirts, hoodies, posters, art prints, canvases and cards.
Artists can upload their artwork in high resolution, choose products to sell on and set their own prices. They can use the analytics tool to track and grow their audience. Also, they can retain their copyright by using metadata, watermark and download protection tools. The startup handles the printing, shipping, payments and customer service enabling artists to monetize their assets hasslefree.
This round marks TermSheet’s fourth deal since the launch of their closed beta in December 2014. “We loved what Termsheet had to offer. Quick, frictionless fundraising. We went from closing negotiations to announcing the round in 15 days. Vivek provided a personal touch throughout the complete fundraise process and made it simple and efficient for us”, said Shaishav Todi, Founder and CEO of Cupick.
The others startups operate in this space are Anasha Art, Poster Gully, PaintCollar, Redbubble, Society6, Fizdi, and Flatpebble.com among others. Few days back, PosterGully raised $160,000 in angel round from a group of angel investors.