Few things are more rewarding than investing in the things you love. For numerous people, such things may be anything from an autographed jersey from a star athlete or a rare Pokémon card that took years to find. Providing hobbyists with a platform to authenticate their treasures and even store them safely, Santa Ana-based company Collectors is improving its solution with a nine-digit capital investment.
Operating a platform that enables users to grade and manage their collectible items, Collectors is expanding its tech with $100 million in funding from existing investors. The company got its start in 1986 as a professional coin grading service and has since expanded to a collection of brands that specialize in tech solutions working to help collectors pursue their passion.
“Our vision has always been to reinvest via technology and capacity expansion into our brands and simplify the collecting experience through innovation,” Nat Turner, Collectors CEO, said in a statement. “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.”
With a valuation of $4.3 billion following its latest raise, Collectors is building on a momentum of growth over the past year. The company has increased its revenue and earnings by more than 100 percent year over year amid increased demand for its solutions. It also just launched a revamped corporate branding and website that displays its full suite of tools for authentication and grading, collectibles research as well as marketplace and auction platforms.
As the market for collectibles continues to expand, Collectors’ new injection of capital will go toward helping the company grow its business and implementing new tech to further improve its user experience.
In addition to its new funding and platform, the company announced the launch of a secure vault platform and collection management service. Starting in summer 2022, users will be able to submit their items for authentication and grading and then transfer those items straight to a secure, 11,000-square-foot facility in Delaware. From there, users can digitally manage their collection through the Collectors platform by adding new items to the vault or by selling items through its marketplace service, Goldin.
As it expands its business, Collectors is also growing its team. The company is currently hiring for a range of roles spanning finance, engineering, operations, people and more.
