TCGplayer Receives $10 Million Investment from NYC Equity Fund
Radian Capital, a New York City-based equity fund, has invested $10 million in TCGplayer, a popular online marketplace for collectible games. Based in Syracuse, New York, TCGplayer is one of the premier websites for buying and selling trading cards.
TCGplayer burst onto the online scene in 2008 and has grown exponentially since then. The site provides an online marketplace for both stores and individuals looking to exchange their trading cards. Additionally, TCGplayer offers price trend graphs for individual cards and supplementary strategy content for each of their top games. Some of TCGplayer's most popular games include Magic: The Gathering, Yu-Gi-Oh!, Pokemon, Cardfight, and Dragon Ball Super. To a lesser extent, they also distribute card sleeves, binders, and miniatures.
For those unfamiliar with Radian Capital, the company was founded just two years ago and has already grown into a $150 million entity. They focus on investments in "next-generation commerce technology companies," making TCGplayer an excellent fit for their current model.
From a gaming industry standpoint, it's nice to see large-scale venture capital companies recognizing the value of collectible card games. Hopefully this investment will pour more resources into the industry and will therefore provide an even better experience for players, distributors, and stores.
Kyle Massa is a writer and avid Magic player living in upstate New York with his fiancée and their two cats. When he's not writing, you'll find him down at the East Greenbush Flipside store jamming booster drafts. For more of Kyle's work, visit www.kyleamassa.com or follow him on Twitter @mindofkyleam.
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