ArtMaster raises $500,000 seed as online music courses reach 70 countries
N1 and BPD Partners join returning backers Robert Kyncl and Jaroslav Beck in financing the next stage of the teaching platform.
ArtMaster’s $500,000 seed financing was reported on January 2, 2024. Named backers include N1, BPD Partners, Peter Federočko, Petr Zadražil and Roman Fianta, alongside Robert Kyncl and Jaroslav Beck, who invested for a second time.
The business reported more than 14,500 learners who had bought at least one course across 70 countries. Its catalogue combined Czech tuition with English-language courses, and it reported $250,000 in revenue for the preceding year. The financing came as ArtMaster began developing an AI tutor intended to assess a learner’s performance and adapt practice to their needs.
Use of funds
Produce new courses
Acquire users and expand the team
Develop AI tutoring capabilities