Collectors Raises $100M Financing Round

[Sandberg23]

Collectors Holdings, Inc., a Santa Ana, Calif.- based global leader in authentication and management of collectibles, raised $100m in new funding at a $4.3 billion valuation.

The new funding was raised from existing investors.

The company intends to use the funds to grow the business further and invest in new technology that further improves the experience for hobbyists.

Led by CEO Nat Turner, Collectors provides solutions for the authentication and management of collectibles. The company, which has offices in Los Angeles, New York, Seattle, Hong Kong, Shanghai, Tokyo and Paris, provides hobbyists and alternative asset investors with products, tools and services that power the collectibles industry. Collectors brands include:

authentication and grading services PSA (trading cards and memorabilia),
PCGS (coins and currency),
WATA (video games and pop culture), as well as
Goldin, an online collectibles marketplace.

Collectors is also announcing the launch of a secure vault platform and collection management service. Available this summer, the vault service will enable collectors to submit their items for authentication and grading by PSA and transfer those items directly to a secure, 11,000-square-foot Delaware facility. 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 company 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.

https://www.finsmes.com/2022/03/coll...ing-round.html

[hotcalsun]

Originally Posted by Sandberg23

Collectors Holdings, Inc., a Santa Ana, Calif.- based global leader in authentication and management of collectibles, raised $100m in new funding at a $4.3 billion valuation.

The new funding was raised from existing investors.

The company intends to use the funds to grow the business further and invest in new technology that further improves the experience for hobbyists.

Led by CEO Nat Turner, Collectors provides solutions for the authentication and management of collectibles. The company, which has offices in Los Angeles, New York, Seattle, Hong Kong, Shanghai, Tokyo and Paris, provides hobbyists and alternative asset investors with products, tools and services that power the collectibles industry. Collectors brands include:

authentication and grading services PSA (trading cards and memorabilia),
PCGS (coins and currency),
WATA (video games and pop culture), as well as
Goldin, an online collectibles marketplace.

Collectors is also announcing the launch of a secure vault platform and collection management service. Available this summer, the vault service will enable collectors to submit their items for authentication and grading by PSA and transfer those items directly to a secure, 11,000-square-foot Delaware facility. 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 company 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.

https://www.finsmes.com/2022/03/coll...ing-round.html

Private valuation now >4x what it was when taken private 1-year ago. Too bad for the shareholders that stuck with them through all the years.

+100% revenue growth +100% EBITDA growth (to $40m) based on other reports.

What do you think the additional $100M on the balance sheet is for? To buy Upper Deck or Panini?

[anusinha]

Originally Posted by hotcalsun

Private valuation now >4x what it was when taken private 1-year ago. Too bad for the shareholders that stuck with them through all the years.

+100% revenue growth +100% EBITDA growth (to $40m) based on other reports.

What do you think the additional $100M on the balance sheet is for? To buy Upper Deck or Panini?

I doubt they buy out a card manufacturer. Probably to expand the current level of services worldwide.

[discodanman45]

Originally Posted by hotcalsun

What do you think the additional $100M on the balance sheet is for? To buy Upper Deck or Panini?

I am thinking they are opening up a European grading facility. Cardboard Gold sent out the following announcement. I have no inside information, just trying to connect the dots. Card Savers needed in the UK?

UK and EU Distributorship Opportunities

We are looking for distributors in the UK and EU regions. Minimum order is $30,000. Protected areas or complete EU/UK master distribution is available. Direct FCL also available.

I will be in London 4/4 to 4/11 if you would like to meet. If you are familar with a company and their CEO in Europe that might fit for a CBG distributorship, please feel free to forward them this email.

Jack Mayes
President/CEO/Founder
Cardboard Gold, Inc.

[eastbayak]

Originally Posted by hotcalsun

Private valuation now >4x what it was when taken private 1-year ago. Too bad for the shareholders that stuck with them through all the years.

+100% revenue growth +100% EBITDA growth (to $40m) based on other reports.

What do you think the additional $100M on the balance sheet is for? To buy Upper Deck or Panini?

Hopefully to clear up all the bulking grading backlog from late 2020 and early 2021.

Just kidding, that'd be too optimistic.

[hotcalsun]

Originally Posted by eastbayak

Hopefully to clear up all the bulking grading backlog from late 2020 and early 2021.

Just kidding, that'd be too optimistic.

I wish for that, too!

If they did that, they couldn’t drive a 100% revenue and 100% EBITDA increase year over year!