Year-old CollX is starting 2023 on the right cleat after announcing today that it raised $5.5 million in a seed round.
The round was led by the Austin-based venture fund Brand Foundry Ventures. Other investors included Next Coast Ventures, FJ Labs, 114 Ventures, Ben Franklin Technology Partners and Morrison Seger Venture Capital Partners.
According to cofounder and CEO Ted Mann, the company, which makes a collectables valuation app for items such as sports trading cards, previously raised its funding from angel investors. That includes the likes of Crossbeam CEO Bob Moore, Philadelphia 76ers co-owner David Adelman and Philly’s Juno Capital, per a press release. These investments converted into equity as part of this round, making it “effectively one equity round,” he told Technical.ly.
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