Updated 5/18/11: According to a press release this morning, Cambridge based TurningArt has just raised $750k in funding. The funding was led by Nextview Ventures with participation from Niraj Shah and Steve Conine, founders of CSN Stores, Thomas Lehrman, co-Founder of Gerson Lehrman Group and local Boston super-angel Will Herman also participated in the round of funding. This would be Nextview’s tenth investment.

“When it comes to purchasing artwork, US consumers have been stuck between two extremes for far too long.” said Jason Gracilieri, TurningArt founder and CEO. “They either buy low-end posters, and mass-produced wall-hangings from big box retailers or they venture into galleries feeling uneducated and intimidated. There simply isn’t an easy, accessible and convenient way to discover and ultimately own unique, quality artwork. TurningArt is changing all of this.”

TurningArt presented back in September at WebInno 27 as the Netflix for artwork. The company offers a monthly subscription service where you rent artwork on a rolling basis. Similar to Netflix, you set up a queue and when you are sick of the old piece of art you mail it back and a new piece of decor from your queue will be mailed immediately.

“We’re very excited about the problem that TurningArt is solving, the team they’ve assembled, and their impressive early momentum.,” said David Beisel, Partner at NextView Ventures. “We look forward to supporting the team to make TurningArt the absolute best way for people to discover and purchase quality artwork for their home or office.”

Check out the video for more information on TurningArt.