What is Alt Platform?
Founded in 2020 and based in San Francisco, Alt Platform specializes in the investment of sports cards, aiming to bring greater transparency and liquidity to this burgeoning alternative asset class. The company's platform is designed to facilitate easier and more secure transactions, catering to a growing market of collectors and investors seeking to diversify their portfolios with unique assets. Alt Platform's focus on sports memorabilia positions it within a niche but rapidly expanding segment of the alternative investments landscape.
How much funding has Alt Platform raised?
Alt Platform has raised a total of $106M across 2 funding rounds:
Series A
$31M
Series B
$75M
Series A (2021): $31M with participation from First Round Capital, Seven Seven Six, Patrick Collison, and John Collison
Series B (2021): $75M led by A*, Rahul Vohra, Spearhead, Vibe Capital, Shrug Capital, Breyer Capital, Seven Seven Six, Giannis Antetokounmpo, Hyperguap, Packy McCormick, Todd Goldberg, Julian Shapiro, Marlon Humphrey, Tom Brady, Candace Parker, The Apollo Group, and Alex Morgan
Key Investors in Alt Platform
Spearhead
Spearhead is a venture capital firm that provides founders with initial funding and follow-on capital for successful investments, offering back-office services to support their investment activities.
Vibe Capital
Vibe Capital operates in the Venture Capital & Private Equity industry, focusing on early-stage investments and providing capital and resources to growing companies.
Breyer Capital
Breyer Capital is a global venture capital and private equity investor that focuses on long-term, idea-driven investments, particularly in areas like AI and machine learning.
What's next for Alt Platform?
The recent major strategic investment signals a pivotal phase for Alt Platform, likely enabling the company to scale its operations, enhance its technological infrastructure, and expand its market reach. This capital infusion is expected to fuel further innovation in its platform features and potentially broaden its scope within the alternative assets sector. Alt Platform is poised to leverage this strategic backing to solidify its leadership in the sports card investment market and explore new avenues for growth and liquidity solutions.
See full Alt Platform company page
