Collectors Raises $100M Financing Round
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.