News Summary

CollX, a startup offering an online trading card marketplace, has successfully raised $10 million in Series A funding. The round was led by Brand Foundry Ventures and 114 Ventures, with participation from other investors such as Next Coast Ventures, FJ Labs, and Ben Franklin Technology Partners. Notably, Kansas City Royals baseball player Bobby Witt Jr. also joined the round as an investor and advisor. Since its founding, CollX has raised over $15 million. The company, which has grown to over 3 million users, provides tools for scanning and trading cards and aims to capitalize on the expanding collectible cards market in the U.S. CollX’s platform features include user-to-user transactions, card grading service referrals, and partnerships with live shopping platforms. CEO Ted Mann highlighted the company’s growth in marketplace transactions and its new revenue streams. Although the startup is not yet profitable, it is contemplating its future path regarding profitability versus growth.