Alt, a P2P marketplace for sports cards, raised $31m in a seed and a Series A funding round.
The Series A round was led by Seven Seven Six, along with other investors including Kevin Durant’s Thirty Five Ventures, First Round Capital, SV Angel, Addition Ventures, Chapter One, BoxGroup, Nat Friedman, John Collison, Patrick Collison, Darren Rovell, Sue Wagner, JD Ross, Fred Ehrsam, Eric Wu, Larry Fitzgerald, Laura Behrens Wu, Tobias Harris and others.
The company intends to use the funds to expand operations and business reach.
Led by founder and CEO Leore Avidar, Alt provides an alternative asset platform that lets users invest in sports card like stocks. The company’s exchange allows people to buy and sell pre-authenticated cards instantly while a vault gives users security via a full-service management of cards.
Read the launch post here