Saatchi Online Raises $5M

Los Angeles-based Saatchi Online, an operator of an online community focused on fine arts, has raised $5M in a Series A funding this week, according to sources. The round came from Balderton Capital, and was first exposed in a regulatory filing by the firm. Saatchi Online's CEO is Robert Norton, who formerly managed the North American operations for online gaming site Saatchi Online is related to London arts gallery Saatchi Gallery. More information »