TCGplayer raises $35M as it expands beyond tabletop games

Learn from Dean Takahashi, and other experts how to protect your game against pirates and cheaters.Which place does your company rank in the AI adoption curve for AI? To find out, take our AI survey.TCGplayer raised $35 million to expand beyond tabletop gaming into digital collectible hobbies.According to the company, which is based in Syracuse, N.Y., it claims it has the largest online trading card game marketplace and will grow into other hobbies like collectible comic books and sports cards.Vista Credit Partners' money will allow the company to accelerate its next stage of growth.Vista Credit Partners president David Flannery stated in a statement that TCGplayer was at an inflection point. Flannery stated that TCGplayer is poised to expand rapidly after it has capitalized on the increased collector demand.Image credit: TCGplayerTCGplayer saw a more than 100 percent increase in sales compared to a year ago, and also experienced an increase in profits. TCGplayer authenticates more that 100,000 products every day and will facilitate the trading of over 70,000,000 products on its platform by 2021. The new funding will allow for targeted investments in strategic growth areas such as product, technology and marketing.In a statement, Chedy Hampson CEO of TCGplayer said that we have experienced triple-digit growth over the past 12 months. We are also able to fund all of our hiring requirements through our own profitability. Hobbyists are now returning to their local shops and TCGplayer anticipates another tailwind through in-store tournaments, player and artist signings.TCGplayer has announced beta programs for new in-store tools, including an upgraded kiosk and inventory management plugin that integrates with most point-of-sale systems. TCGplayer recently expanded its presence in Syracuse, New York, and increased its workforce to more than 450 employees. It also made a number key executive hires.