Magnus, the app dubbed "Shazam for Art", today announced it has closed a Series A investment round from a group of investors, including Leonardo DiCaprio, who also joins as an advisor to thecompany.

Magnus follows a similar concept to the popular audible-based search company Shazam. Users upload a photo of an artwork and the app returns the details, such as the artist's name, title of thework and price. Magnus' leading technology covers over 20,000 galleries, museums, and auction houses around the world. Its database consists of over 10 million images. The app can be downloaded forfree in the Android and Apple app store.

The Magnus app aims to democratize the $44 billion global art market, which, according to the TEFAF Art Market Report 2017, has only slowly embraced technology with an online share of only8.4%.

"Our goal is to make the art market more transparent, open and honest. We love working with our great investors who are passionate about our mission and are equally experienced in the market,"said Magnus Resch, founder and CEO. "In 12 months we have grown our user base to become one of biggest apps in the art world. This funding allows us to continue our international expansion and offernew services for art lovers."

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Leonardo DiCaprio invests in Magnus app(http://artdaily.com/news/102304/Leonardo-DiCaprio-invests-in-Magnus-app#.WoB16-jwaAs)