Betting on the Future of Social Experiences, Immersive Photography Museum Fotografiska Is Merging With Private Arts Club NeueHouse
Both companies have new branches opening this year.
March 16, 2021
A visitor looking at photographs in a gallery at Fotografiska New York. Courtesy of CultureWorks. Photo: Roman Dean.
The photography museum Fotografiska announced last week that it has merged with NeueHouse, the co-working and social membership space headquartered in New York.
Moving forward, the two organizations will co-exist under a new parent company, CultureWorks, which brands itself as the “preeminent global growth platform for culture, experience, and hospitality brands,” according to a press release.
Private Work & Social Space NeueHouse Merges With International Photography Museum Fotografiska, Following Strategic Investment
New Holding Company, CultureWorks, Raises $35MM to Create Investment and Development Platform for Growth Opportunities in Culture & Creative Sectors
NEW YORK, March 10, 2021 /PRNewswire/ It was announced today that Fotografiska, the international photography museum (Stockholm, New York, and Tallinn), has merged with NeueHouse, the private work and social space for creators (New York and Los Angeles), following a strategic capital raise of $35MM, led by investor and new majority owner Yoram Roth which values the combined platform at $165MM.
The merged organizations are brought together under the new holding, management and development company, CultureWorks, with the vision of creating the preeminent global growth platform for culture, experience and hospitality brands.