CollX, a sports card startup backed by Philadelphia Eagles general manager Howie Roseman and Philadelphia 76ers part-owner David Adelman, has raised $10 million in a Series A funding round, writes Ryan Mulligan for the Philadelphia Business Journal.
The company also added a star athlete to its investor list, with Kansas City Royals shortstop Bobby Witt Jr. participating and joining as a brand ambassador and adviser for the startup.
“He’s a really great champion for the brand, passionate about the hobby and about the app,” said CollX CEO Ted Mann. “I think more than anything, he just kind of loved our approach to helping new, young collectors find ways to level up and get into it.”
The financing round was led by Philadelphia-based 114 Ventures and Austin-based Brand Foundry Ventures, the company’s existing investors.
In addition to Roseman, Adelman, and Witt, other notable angel investors include music personality DJ Skee and Nat Turner, CEO of Collectors Inc.
The startup currently has around 3 million users on its app, up from 623,000 in February 2023. The platform enables users to scan their trading cards to determine how much they are worth.
Currently with 25 employees, Mann said he expects that number to grow “if not double over the next year.”
Read more about CollX and its latest round of funding in the Philadelphia Business Journal.
_____
