- Collectors is valued at US$4.3bn
- Funds will be used to build business and technology
- Business has doubled in size over past 12 months
Collectors has strengthened its sports collectibles grading, trading and research platform with US$100 million in fresh investment and by unifying its portfolio of services under a single brand.
The company is one of several technology firms attempting to modernise the pastime of collecting trading cards, tickets, and sports memorabilia, and has been one of the beneficiaries of a boom in the sector.
Its business has doubled in size over the past year, during which it was acquired by an investor group led by Turner, D1 Capital Partners, Cohen Private Ventures and TPG Capital Management.
The additional funding values the business at US$4.3 billion and will be used to expand its footprint and to invest in technology that will transform the experience for its users.
The new ‘Collectors.com’ brand will showcase its authentication services, including the Professional Sports Authenticator (PSA), its auction and marketplace platforms Goldin and CollectorsCorner, and its research tools company Card Ladder. On top of this, Collectors is launching a new secure vault and collection management service that will authenticate and store items in a dedicated facility in Delaware.
“Our vision has always been to reinvest via technology and capacity expansion into our brands and simplify the collecting experience through innovation,” said Collectors chief executive Nat Turner. “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.”