Martingale Internet Technologies, a London, UK-based operator of online collectible marketplaces, has raised “substantial” funding from a number of eCommerce business angel investors.
According to the company, the funding will be used to accelerate growth of Toy Collector, Martingale’s first marketplace, and to close an agreed acquisition.
Commenting on the funding, Robert Dighero, Chairman of the company, was reported as saying: “We are excited about having backing from a group bringing such a wealth of experience in online marketplaces as well the opportunity to leverage their networks in Asia, Europe, North and South America”.
Fabrice Grinda, Co-CEO at OLX, an international classified site, who participated in the financing, added: “Martingale has built the right solution for collectors’ markets, combining social media with collection management and trading abilities, I am looking forward to see the company succeed in the $9 billion vintage and collectible toy market as well as expanding into other collectible markets”.
FinSMEs
29/01/2010