TCGplayer, a fast-growing marketplace and software business serving buyers and sellers of collectible items, recently received a $10 million growth equity investment from Radian Capital. The investment will enable TCGplayer to develop new and innovative technologies serving the multi-billion dollar collectible industry.
TCGplayer delivers innovative solutions to the collectible industry in two key business segments, an online marketplace for collectibles and e-commerce solutions for hobby retailers. The TCGplayer marketplace has grown to over 1 million buyers of collectible games like Pokemon and Magic: The Gathering. TCGplayer's new seller services deliver tools to brick and mortar retailers, connecting these independent operators to global online sales channels.
"Through our e-commerce software tools, we enable the 10,000 independently-owned hobby stores across the United States to compete against large corporate retailers. To date, we have driven over $250M in sales to retail stores through our Marketplace. This funding will allow us to more rapidly develop additional technology solutions to serve this growing market," said Chedy Hampson, TCGplayer Founder and CEO.
According to Radian Capital Co-founder, Weston Gaddy, the hobby market has a lot of growth potential for TCGplayer. "TCGplayer has a strong foothold into the $5B collectible card market. We believe our investment will help them leverage this position to migrate into the much larger hobby store space for comic books, sports cards and board games," he explained.
Radian Capital specifically targets innovative, disruptive technology companies located outside of Silicon Valley, making TCGplayer an ideal partner, Gaddy noted. "TCGplayer technology has revolutionized the collectible game card industry. They connect millions of buyers and sellers across the globe – this is a growing and loyal online marketplace of enthusiasts who look to them as leaders and innovators. We're excited to partner with TCGplayer to help them develop new technology solutions that further accelerate their growth," he commented.
About TCGplayer http://www.tcgplayer.com
TCGplayer was recognized by Fortune as one of the top 100 workplaces for women and also has been named a top 50 workplace within New York State. Without taking any previous outside investments they have grown to over 200 employees at their headquarters in Syracuse, NY and their newest office in Atlanta, GA.
About Radian Capital http://www.radiancapital.com/
Founded in 2016, Radian Capital is a $150 million growth equity fund. Radian partners with strong management teams and systematically accelerates growth by assisting adoption of next generation sales and marketing, data science, and operational approaches. Radian, which is headquartered in New York City, and Radian partners have previous investment experience in marketplaces like Jet.com and next-generation commerce technology companies such as Blueday and emailage.
