Santa Ana-based Collectors Universe Inc., which grades baseball cards and other memorabilia, said its own valuation has risen fivefold to $4.3 billion after it raised $100 million in new funding.
The company, which changed its name to Collectors Holdings Inc., said its revenue and EBITDA both doubled year over year.
“Our vision has always been to reinvest via technology and capacity expansion into our brands and simplify the collecting experience through innovation,” said Collectors CEO Nat Turner. “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.”
Turner led an investment group that purchased Collectors Universe for $853 million in February last year.
The company also launched its new corporate branding and website, www.collectors.com.The new Collectors.com showcases a suite of authentication and grading services (PSA, PCGS, WATA), marketplace and auction platforms (Goldin, CollectorsCorner) and collectibles research tools (Card Ladder) offered by the growing company.
The company was profiled in the Business Journal’s March 14 issue.