[July 6, Mountain View, CA] — Cardbase, makers of the leading collection management software for sport cards collectors & investors, today announced a Seed funding round led by noted venture capitalist Peter Thiel. Participating in the round is Investacard, backed by millionaire investor and entrepreneur Marcus Lemonis, and Lucas Mast. The funding will enable Cardbase to accelerate the development of its robust platform, expand additional service offerings and growth, and strengthen its existing community of 50,000 global users.
Cardbase helps collectors effortlessly track and manage their sports and hobby trading cards portfolio by keeping them organized and informed about their investments. Its platform provides users with real-time alerts, valuations, and other relevant key metrics for each card, similar to an interface of an online stock portfolio. Cardbase currently has a database of more than 11 million cards throughout 13 different sport and non-sport categories such as baseball, basketball, football, Pokémon, racing, and soccer.
“People have always collected things — from coins and stamps to sneakers and sports cards,” noted investor and entrepreneur Peter Thiel. “But people have not always had good tools to track their collections. Cardbase brings an obsession with software solutions to obsessive collectors.”
“We are happy to have such great investors on board who believe in the market and our vision,” said Alex Ivanov, CEO of Cardbase. “We have seen amazing results and received a great response from our current users so far, raising this round will help us accelerate our growth and expand to new service offerings. With more and more people getting back to their normal life post COVID, we are here to help them make the process of researching, managing, and selling cards easier.
“We are super excited to announce our strategic partnership with Cardbase,” said Edward Siegel, CEO of Investacard. “After 18 months of market research, we decided that Cardbase was building an amazing platform for collectors and investors to manage their portfolio and stay on top of the market. The platform is also an opportunity for us to fuel our brand new fintech product: Sports Card Advance. With real-time data from Cardbase, it is going to provide our customers the opportunity to make instant decisions and get funded immediately.”
“As an avid sports card collector for the past four decades, managing my personal inventory of 50,000+ cards can be like finding a needle in a haystack,” said Lucas Mast, investor, and collector. “With Cardbase, users can easily access their collection, know when to buy and sell and get more efficiency through overdue innovation.