Investment to accelerate the next phase of growth for the industry-leading collectibles platform as it expands into new verticals
SYRACUSE, NY, June 29, 2021 / PRNewswire / – TCGplayer (the “Company”), the leading technology platform for the collectibles industry and operator of the largest online marketplace for collectible card games, announced today getting $ 35 million in the strategic financing of Vista Credit Partners (“VCP”), a subsidiary of Vista Equity Partners focused on the enterprise software, data and technology markets. The funding will be used to support the company’s continued rapid growth and upcoming expansion into several new categories of hobby collection, including sports cards and comics.
“TCGplayer is a business at an inflection point. Having successfully capitalized on the growing demand from collectors, the company is now poised for rapid expansion as it continues to build a deep vertical connective tissue reaching out to enthusiasts, retailers and publishers, ”said David Flannerie, president of Vista Credit Partners. “We are delighted to support TCGplayer as it enters this next phase of accelerated growth and continues to revolutionize the $ 25 billion leisure and collectibles market with cutting edge technology and innovative solutions. “
TCGplayer, an established leader in the hobby collectibles market, is experiencing over 100% year-over-year sales growth with increasing profits. The company authenticates more than 100,000 products every day and is expected to facilitate trade for more than 70 million products on its platform in 2021. This new funding will accelerate targeted investments in key strategic growth areas across products, technology and marketing to strengthen and expand the company’s leadership in current markets and launch its platform into new product categories.
“We have maintained triple-digit growth over the past 12 months and have been fortunate to meet all of our recruiting needs through our own profitability,” said Chedy Hampson, Founder and CEO of TCGplayer. “Now that fans are returning to their local stores which also serve as community centers, we anticipate another tailwind of in-store tournaments and signings from players and artists. This Vista capital ensures that TCGplayer will be ready with the tools, data and technology platform to support the entire hobbyist community. “
TCGplayer recently announced beta programs for new in-store tools, including an upgraded kiosk and an inventory management plug-in that works with popular point-of-sale systems. The Company also recently doubled its physical footprint downtown Syracuse, New York and expanded its workforce to over 450 team members, hiring a number of key executives, including its first-ever HR Director, Marketing Director and Product Director. With this funding, the company will accelerate its entry into new verticals and develop innovative tools and services for local game and hobby stores.
Hampson continued, “We are delighted to have unmatched expertise in Vista’s software, data and technology markets. I am confident that our partnership will help us advance our technology platform that fuels connections between hobbyists, publishers, retailers and manufacturers at every point of their journey, including discovery, engagement and commerce. . “
TCGplayer is the leading technology platform for the collectibles industry. Founded as a digital media platform within the collectible hobby space, the company has grown from its initial roots working in Syracuse-based hobby shops selling comics, sports cards, CDs, collectible cards, figurines and board games in a large e-commerce marketplace. . TCGplayer develops applications and technologies that are revolutionizing the collectibles market by connecting thousands of hobby and collectible businesses with customers around the world. The company’s e-commerce and data management tools drive sales through physical stores, websites, mobile apps and the TCGplayer Marketplace. TCGplayer prides itself on creating a culture that fosters camaraderie, embraces diversity, exudes passion and provides stock options to all of its employees. The Company has been ranked among from New York State Fortune.com’s 50 Best Employers and Fortune.com’s Top 100 Companies for Women in the US and certified Great Place to Work by our employees five years in a row.
About Vista Credit Partners
Vista Credit Partners (VCP) is the credit investing arm of Vista Equity Partners and is a strategic investor and funding partner focused on the growing enterprise software, data and technology market. VCP uses a very disciplined approach to investing in credit while maintaining flexibility to pursue investments with the best relative value, seeking opportunities in both the mid-market and the largely syndicated market, and investing in any the capital structure. VCP’s management and investment teams are made up of experienced credit professionals who have spent their careers researching, underwriting, executing and managing credit portfolios for leading institutions in the market. Since its creation in 2013 and since December 31, 2020, VCP has deployed more than $ 6 billion and grown to more $ 4.5 billion assets under management. For more information, please visit www.vistacreditpartners.com.
Vista Equity Partners
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