- Collectors Holdings recently announced it raised $100 million in new funding at a $4.3 billion valuation. These are the details.
Collectors Holdings recently announced it raised $100 million in a new funding round at a $4.3 billion valuation. Plus the company also grew its revenue and EBITDA by over 100% year-over-year.
The new Collectors.com unifies the company’s brands into one experience and showcases the suite of authentication and grading services (PSA, PCGS, WATA), marketplace, and auction platforms (Goldin, CollectorsCorner), and collectibles research tools (Card Ladder) offered by the growing company. And the site also introduces the company’s mission of “helping collectors pursue their passion,” its expanded and new leadership team, and its vision to modernize and scale the collectibles industry.
Collectors grew quickly over the past year due to strong demand for its authentication and grading services and increases in marketplace sales following the acquisition of Goldin. And the company – which is profitable and growing quickly – has also made a number of significant strategic acquisitions to expand its offerings to customers. The new funding round (raised from existing investors) will be used to grow the business further and invest in new technology that further improves the experience for hobbyists.
Along with the company’s new funding and platform, Collectors is also announcing the launch of a secure vault platform and collection management service. Available this summer, the vault service enables collectors to seamlessly submit their items for authentication and grading by PSA and transfer those items directly to a secure, 11,000-square-foot Delaware facility. And Collectors can then digitally manage their collection through Collectors.com by adding new items to the vault at any time or by offering items for sale through the Goldin marketplace.
The collectibles industry – including sports cards, trading card games like Pokémon, coins, autographed memorabilia, video games, etc. – has undergone a renaissance as enthusiasm from long-time collectors, new hobbyists, and alternative investors grew. And a recent report suggests that the collectibles industry is expected to be worth $522 billion globally 2028, up from $372 billion in 2020.
Collectors was acquired last year by an investor group led by Turner, D1 Capital Partners L.P., Cohen Private Ventures, LLC, and TCG Capital Management, L.P.
KEY QUOTE:
“Our vision has always been to reinvest via technology and capacity expansion into our brands and simplify the collecting experience through innovation. As a long-time collector, I’m personally passionate about the industry, and have been thrilled to be a part of its overall growth the last several years. We’re going to continue focusing on improving the customer experience and providing the trusted tools that every collector needs.”
— Collectors CEO Nat Turner
