Last Alt valuation
$325M
Series B · Nov 2021
Last Alt funding round
$75M
Series B · Nov 2021
Cumulative funding Alt raised
$106M
across 2 funding rounds
Key investors in Alt
Seven Seven Six
Spearhead
About Alt
Alt is a New York-based online marketplace for trading collectible trading cards, including sports, Pokemon, and Magic: The Gathering. The platform hosts fixed-price listings, weekly live auctions, and a lending program allowing users to borrow against card collateral at low interest rates. Alt employs third-party grading authentication from PSA and BGS, serving collectors worldwide with insured shipping and portfolio valuation tools.
Founded
2020
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$325M (Nov 2021)
Alt Valuation
Alt is currently valued at $325M, based on its Series B in November 2021.
The $75M round was led by Spearhead.
Alt's valuation has moved from $325M at its Series A in March 2021 to $325M in November 2021, across 2 priced rounds.
Alt valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2021 | Series B | $325M |
| Mar 2021 | Series A | $325M |
Alt Funding History
Alt has raised a total of $106M across 2 funding rounds.
Alt's first fundraising round was a $31M Series A in March 2021. The most recent completed round was a $75M Series B in November 2021.
Alt funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2021 | Series B | Spearhead (lead) | $75M | $325M | - |
| Mar 2021 | Series A | Seven Seven Six (lead) | $31M | $325M | Alt is a platform for trading, investing in, valuing, securely storing, and authenticating collectible cards, with ambitions to expand into other asset categories and launch a mobile app. In November 2021, Alt raised $75 million in a Series B round led by Spearhead, with participation from investors including Seven Seven Six, at a post-money valuation over or at $325 million. The Series B funding aimed to support expansion beyond trading cards and mobile app development. As of November 2021, Alt users had stored $70 million worth of cards in the Alt Vault, indicating early traction in the collectibles market. By September 2022, the platform recorded its top card sale at $189,506 for a 2003/2004 LeBron James Bowman Chrome Gold Refractor. Alt has raised a total of over $300 million across multiple rounds from 36 investors, including First Round Capital, BoxGroup, Addition, Vibe Capital, Breyer Capital, Shrug Capital, Apollo Projects, Hyperguap, and Sam Altman. Later traction includes over $21 million in loan originations via Alt Lending by May 2023 and pricing data for over 10 million cards. |
Who has invested in Alt?
2 investors have backed Alt across its funding rounds, including Seven Seven Six and Spearhead.
Lead investors include Spearhead and Seven Seven Six.
Alt Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Alt investors. Start Free Trial | ||||
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Start Free TrialAlt Competitors
Alt competitors include listed companies like Everyday Network Co., On The Beach Group and ThredUp, and private ones like Carwow, M1xchange and SODA.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 China | Publicly listed | $16M | ($6M) | $322M | - | |
 United Kingdom | Publicly listed | $163M | $48M | $330M | 2.5x | |
| London | Private | $73M | $7M | $320M | - | |
 Gurgaon | Private | - | - | $333M | - | |
| United States | Publicly listed | $311M | ($5M) | $317M | 0.9x | |
 Tokyo | Private | - | - | $336M | - |
Alt Public Comps
Alt is still privately-owned, but its public comps include Sailfish Royalty, Everyday Network Co., Muthoot Microfin, On The Beach Group, Palmer Square Capital BDC, ThredUp, Fiverr, Quick Co., Generalfinance and BiNBiN.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3M | $2M | 57.5x | 44.1x | 96.0x | - | |||
| $16M | ($6M) | 17.0x | - | (42.4x) | - | |||
| $230M | $24M | 5.3x | 7.7x | 50.1x | - | |||
| $163M | $48M | 2.3x | 2.5x | 7.7x | 8.8x | |||
| $68M | - | 14.9x | 9.0x | - | 9.0x | |||
| $311M | ($5M) | 1.0x | 0.9x | (59.2x) | 20.5x | |||
| $431M | $13M | 0.2x | 0.2x | 5.2x | 1.0x | |||
| $218M | $41M | 1.0x | 1.0x | 5.4x | - | |||
This data is available for Pro users. Sign up to see all Alt competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Alt
| When was Alt founded? | Alt was founded in 2020. |
| Where is Alt headquartered? | Alt is headquartered in San Francisco, CA, United States. |
| Is Alt publicly listed? | No, Alt is a private, VC-backed company. |
| What is Alt's valuation? | Alt was last valued at $325M in its Series B in November 2021. |
| How much funding has Alt raised? | Alt has raised $106M across 2 funding rounds. |
| What was Alt's last funding round? | Alt's last funding round was a $75M Series B in November 2021, led by Spearhead. |
| Who are Alt's investors? | Alt's investors include Seven Seven Six and Spearhead. |
| Which companies are comparable to Alt? | Companies comparable to Alt include Everyday Network Co., On The Beach Group, Carwow, M1xchange, ThredUp and SODA. |
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