StarStock, a NYC-based marketplace for sports fans and card hobbyists to buy, sell, and invest in their favorite athletes, raised $8m in Series A funding.
The round was led by Andreessen Horowitz, with participation from several angel investors including NBA all-star Trae Young, Twitch Co-founder Justin Kan, Chief Operating Officer of BetMGM, Ryan Spoon, and Ilkka Paananen, Co-founder of Supercell.
The company intends to use the funds to continue to expand operations and its business reach.
In addition to the raise, Jonathan Lai, Partner on Andreessen Horowitz’s consumer investing team, will join StarStock’s Board of Directors; alongside existing members Scott Greenberg, Co-founder and CEO of the company and Nigel Eccles of Flick and FanDuel.
Founded in November 2019 by Scott Greenberg, CEO, StarStock enables sports fans to trade sports cards instantaneously in a marketplace. The company authenticates, grades, and stores cards in a centralized vault where fans can make trades at scale and gain instant ownership at the point of trade. In this way, StarStock enables users to buy and sell their favorite athletes without needing to ship or handle the cards.
Currently, StarStock has over 800k cards in its vault, 600k cards have been traded, and over 50k cards are added to the marketplace weekly.
FinSMEs
01/04/2021