What a difference a year makes!
As we wrap up our pre-seed and prepare for a robust seed round in 2023, we want to take a moment to share with you all that we accomplished over the last twelve months:
Top of our priority was building out our tech, providing our community with a best-in-class experience as well as a compliant capital markets back end.
Additionally, due to demand from the global investment community and the geopolitical landscape and current high inflationary environment, we prioritized opening the LUXUS investment platform to eligible Non-US investors and Entities.
Our second important milestone was to set up our issuer entity, LUXUS Argyle LLC and get qualified by the SEC. Not only did the SEC qualify the offering with a “no review”, we were also able to prepare two IPOs in 2022; the Rare Argyle Pink Diamond that was successfully completed, and the Golden Dahlia ring, which was sold privately before going live. We look forward to offering our investors an exciting pipeline of luxury assets in 2023!
To facilitate user growth we added new marketing features to the LUXUS platform including:
1) LUXUS VIP: for investors who invest and maintain such investment above a certain level, and who want to belong to an exclusive community, receive a management fee discount, advanced notice of IPOs, concierge services, in person/virtual event invitations, special offers and more;
2) Sell With LUXUS: through which anyone can submit an exceptional luxury asset that they wish to sell through our platform;
3) All That Glitters: a weekly newsletter designed to keep our community informed of relevant market news, industry insights, must see museum shows, and all things from the luxury world.
Lastly, we were finalists in the HBS Angels of NYC Venture Competition and Semi-Finalists in the NASDAQ Fintech Competition of 2022!
It has never been a better time to invest in luxury assets. The luxury market is performing exceptionally well, and alternative assets are continuing to prove to be a stable hedge against inflation, a strong store of wealth, and recession-proof.
We thank you all for your ongoing support and enthusiasm over the past year, and we look forward to continued growth in 2023.
Wishing you a happy and healthy holiday season,
The LUXUS Team