CollX Raises $10M

CollX, a company offering an online trading card marketplace, has raised $10 million in Series A funding. The round was co-led by Austin-based Brand Foundry Ventures and Philadelphia-based 114 Ventures, both of which were previous investors in the company. Other investors such as Next Coast Ventures, FJ Labs, and Ben Franklin Technology Partners also participated in the round. The startup also added a key partner, Kansas City Royals baseball player Bobby Witt Jr. — a card collector himself — who joined the round as an investor, advisor, and brand ambassador. To date, CollX has raised over $15 million across multiple rounds. The collectible cards market in the U.S. is showing promising signs of expansion and will grow by several billion in the next few years, according to multiple reports. CollX wants to take advantage of that and grow its solutions for scanning and trading cards. The company now has over 3 million users, up from 600,000 in 2023. It offers tools to scan your cards and upload your collection, look at collections from other users, and trade cards through its marketplace.