Radian Capital invests $10m in online collectible store TCGplayer

Syracuse-based TCGplayer, a marketplace and software business for buyers and sellers of collectible items, has secured a funding of $10 million from venture capital company Radian Capital.

The equity investment from Radian Capital is expected to help TCGplayer to come up with new and innovative technologies for the collectible industry.

TCGplayer offers solutions to the collectible industry in two main business segments. It is an online marketplace for collectibles and also provides e-commerce solutions for hobby retailers.

The TCGplayer marketplace is claimed to have more than a million buyers of collectible games such as Pokemon and Magic: The Gathering.

The company’s new seller services provide tools to brick and mortar retailers, by linking the independent operators to international online sales channels.

TCGplayer Logo (PRNewsfoto/TCGplayer)

Chedy Hampson – TCGplayer Founder and CEO, said: “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.”

Weston Gaddy – Co-founder of Radian Capital, says that the hobby market has plenty of growth potential for TCGplayer.

Gaddy added: “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 further said that Radian Capital particularly goes after innovative, disruptive technology firms located outside of Silicon Valley, thereby making TCGplayer an ideal partner for the venture capital company.

Weston Gaddy said: “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.”