Collecto, the Web3 startup focused around offering fractional ownership of exclusive items such as modern art, luxury watches, etc., has successfully closed its €2.8 million seed-funding round. This seed funding round comprises of €2.3 million in equity financing, with rest of €500,000 being funded by Italy’s Ministry of Economic Development through its “Smart&Start Italia” program – which supports innovative startups. The investment was led by notable figures including LinkedIn Italy CEO Marcello Albergoni, Accenture Interactive Managing Director Alessandro Zanotti, and senior partners from McKinsey – Andrea Travasoni and Guido Frisiani. This significant investment will be used by Collecto to make exclusive luxury assets more accessible to a broader range of investors through fractional ownership. Collecto: A Growing Market for Fractional Ownership of Luxury Items Collecto operates at the intersection of blockchain and luxury investments, leveraging tokenization to offer fractional ownership of prestigious assets. The 2024-founded startup enables collectors and investors to purchase and trade digital shares of luxury items, making high-value markets more accessible to a broader audience. “This funding is a major milestone for Collecto and validates our vision of a more inclusive and transparent luxury asset market,” said Collecto’s CEO Giovanni Camisasca in a Linkedin post . “We believe blockchain technology can transform the way people invest in collectibles, and this investment will allow us to scale our platform and reach a wider community of collectors and investors.” The company’s model is part of a growing trend in the luxury sector, where traditional barriers to entry—such as high costs and limited liquidity—are being overcome through Web3 innovations. With Collecto App, investors can buy and sell fractional ownership stakes for luxury items such as watches, wines, and art with ease. Using Non-Fungible Tokens (NFTs) , it allows investors to enjoy the benefits of asset appreciation without the burdens of physical custody. Investor Confidence in Web3 and Luxury Collectibles The €2.8 million round signals strong confidence from investors in both Web3 technology and the future of luxury asset tokenization. The luxury collectibles market is valued at billions of euros, but historically, it has been restricted to an elite few. But Collecto’s approach can democratize access while maintaining the exclusivity and security that high-net-worth individuals expect. As per the mechanism of Collecto, it uses an authoritative team of experts to verify each and every asset up for tokenized ownership on its platform. And once a user buys shares in a particular asset, the Custody of the assets is transferred to a specialized security vault for each vertical. With this latest funding, Collecto plans to invest in security infrastructure, product development, and marketing initiatives to attract more users and partners. The company is also exploring partnerships with luxury brands and auction houses to expand its catalog of tokenized assets. Expanding the Vision Beyond fine art and watches, Collecto is also eyeing expansion into other asset classes, including rare automobiles and high-end jewelry. The startup envisions a future where anyone, regardless of financial background, can hold a stake in the world’s most sought-after luxury items. Additionally, the platform will introduce enhanced features, including a secondary marketplace for trading shares of collectibles and an improved user experience through its mobile app. This aligns with the company’s goal of becoming a leading player in the luxury asset Web3 space. Thus, with the new funding in place, the startup is set to accelerate its growth and bring its vision of democratized luxury ownership to a global audience. The post Collecto, the Web3 Luxury Asset Platform, Secures €2.8 Million in Funding to Expand appeared first on CoinGape .
