CollX Raises $10M in Series A Led by MLB Star Bobby Witt Jr.
Deal News | Feb 13, 2025 | Next Coast Ventures LLC
CollX, a trading card app that captures the interest of enthusiasts by valuing their card collections and enabling trading through its platform, has announced a $10 million Series A funding round. The funding was led by baseball star Bobby Witt Jr. in collaboration with venture firms Brand Foundry and 114 Ventures. Since its foundation in 2022, CollX has managed to integrate over 500 million cards into user collections and expand its marketplace to 30,000 sellers and 20,000 buyers. The platform has distinct focus areas including a marketplace and subscription services which it aims to develop further with the new capital. Witt Jr.'s involvement is notable due to his significant influence within the trading card community. CollX's previous funding round, a seed stage, brought in $5.5 million in 2023, suggesting a strong and growing interest in its business model.
Sectors
- Technology - Mobile Applications
- E-commerce
- Sports and Entertainment
Geography
- United States – CollX is based in the United States and involves participants like MLB player Bobby Witt Jr. and several American investors.
Industry
- Technology - Mobile Applications – CollX is a mobile application that facilitates the valuation and trading of trading cards, making the technology sector relevant.
- E-commerce – CollX includes a marketplace feature for buying and selling trading cards, situating it within the e-commerce sector.
- Sports and Entertainment – Given the involvement of MLB star Bobby Witt Jr. and the app's focus on sports trading cards, the sports and entertainment industry is relevant.
Financials
- $10 million – Amount raised by CollX in the Series A funding round led by MLB star Bobby Witt Jr. and venture firms.
- $5.5 million – Amount raised by CollX in the previous seed funding round led by Brand Foundry.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CollX | Target Company | Company | A trading card app company involved in the valuation and marketplace trading of cards. |
| Next Coast Ventures LLC | Investor | Company | A private equity firm involved in the Series A funding round for CollX. |
| Bobby Witt Jr. | Investor and Advisor | Person | An MLB star and influential figure in the trading card community. |
| Brand Foundry | Investor | Company | A venture firm that led CollX's previous seed funding round. |
| 114 Ventures | Investor | Company | A venture firm participating in the Series A funding round for CollX. |
| Nat Turner | Angel Investor | Person | CEO of PSA parent company Collectors, involved as an angel investor in CollX. |
| DJ Skee | Angel Investor | Person | An angel investor with involvement in CollX's earlier funding stages. |
| Howie Roseman | Angel Investor | Person | Philadelphia Eagles general manager, involved as an angel investor in CollX. |
| David Adelman | Angel Investor | Person | Owner of the Philadelphia 76ers, involved as an angel investor in CollX. |