We are proud to announce that M13 led Arena Club’s $10M Series A alongside Elysian Park Ventures and previous investors Lightspeed Venture Partners, defy.vc, and BAM Ventures.
Arena Club is building a platform that reimagines how sports cards are traded and collected by providing consumers with the first online card show experience and enabling a bridge between the physical and digital worlds of sports collecting.
Innovating within the $400B collectibles market
At M13, we look for opportunities where technology and innovation drive a shift in consumer behavior and democratize access to new financial categories. Over the last few years, we have witnessed a rise in retail investing and investments in alternative assets as consumers look for new channels to spend and accumulate wealth. We believe that collectibles represent a massive asset class that is still early in its consumer adoption curve, and new technology that enables digital experiences can upend the archaic industry.
Arena Club is creating digital showrooms that reimagine the elements that make in-person card shows special such as buying, selling, trading and displaying cards and layering in social experiences. We are also excited by the power of blockchain technology to provide verification and transparency in order to facilitate trust and faster transactions. The digital marketplace enables a frictionless experience for seasoned collectors and new participants alike.
(Courtney here.) Arena Club's phenomenal team, led by my longtime friend Brian Lee, has unique advantages to win as the modern collectibles marketplace. As one of the most prolific entrepreneurs in LA and beyond, Brian brings extensive company-building experience and passion for the trade as a lifelong collector (fun fact #1: Carter and I were big collectors growing up through our teens too!). His super power is co-founding companies with some of the most admired and followed entertainers, including starting Honest Company with Jessica Alba and ShoeDazzle with Kim Kardashian. He has done it again with sports collectibles – this time teaming up with Derek Jeter, one of the most recognizable figures in sports, as a co-founder (fun fact #2: our best-selling book Shortcut Your Startup was co-financed by Derek’s publishing arm so it’s great to reunite with him as well). As thematic investors in the future of consumer behavior, specifically commerce and money, we at M13 see Arena Club as changing the game for good with the digitization and verification of assets. Brian and I share a love of collecting and are sports card fanatics. I’m thrilled to join Arena Club’s board.
How Arena Club works
Arena Club is building a verticalized, full-stack platform for collectors to grade, store, digitize, and trade sports cards through a multi-step process:
- Collectors send in cards and Arena Club completes an analysis via a proprietary grading system using computer vision and AI (collectors can also submit pre-graded cards.)
- A digital replica of the card is minted on the blockchain and the physical card is stored in a secure vault facility.
- The card is listed on the online marketplace to be freely sold or traded and if it trades hands, the purchaser does not need to take physical custody as it stays vaulted.
Arena Club is currently operating in a public beta and there are already thousands of cards across various sports and entertainment properties available on the marketplace. You can check out the platform here.
To Brian, Derek, Jesse and the entire Arena Club team: thank you for partnering with us, and we are thrilled to be on this journey together.
We are proud to announce that M13 led Arena Club’s $10M Series A alongside Elysian Park Ventures and previous investors Lightspeed Venture Partners, defy.vc, and BAM Ventures.
Arena Club is building a platform that reimagines how sports cards are traded and collected by providing consumers with the first online card show experience and enabling a bridge between the physical and digital worlds of sports collecting.
Innovating within the $400B collectibles market
At M13, we look for opportunities where technology and innovation drive a shift in consumer behavior and democratize access to new financial categories. Over the last few years, we have witnessed a rise in retail investing and investments in alternative assets as consumers look for new channels to spend and accumulate wealth. We believe that collectibles represent a massive asset class that is still early in its consumer adoption curve, and new technology that enables digital experiences can upend the archaic industry.
Arena Club is creating digital showrooms that reimagine the elements that make in-person card shows special such as buying, selling, trading and displaying cards and layering in social experiences. We are also excited by the power of blockchain technology to provide verification and transparency in order to facilitate trust and faster transactions. The digital marketplace enables a frictionless experience for seasoned collectors and new participants alike.
(Courtney here.) Arena Club's phenomenal team, led by my longtime friend Brian Lee, has unique advantages to win as the modern collectibles marketplace. As one of the most prolific entrepreneurs in LA and beyond, Brian brings extensive company-building experience and passion for the trade as a lifelong collector (fun fact #1: Carter and I were big collectors growing up through our teens too!). His super power is co-founding companies with some of the most admired and followed entertainers, including starting Honest Company with Jessica Alba and ShoeDazzle with Kim Kardashian. He has done it again with sports collectibles – this time teaming up with Derek Jeter, one of the most recognizable figures in sports, as a co-founder (fun fact #2: our best-selling book Shortcut Your Startup was co-financed by Derek’s publishing arm so it’s great to reunite with him as well). As thematic investors in the future of consumer behavior, specifically commerce and money, we at M13 see Arena Club as changing the game for good with the digitization and verification of assets. Brian and I share a love of collecting and are sports card fanatics. I’m thrilled to join Arena Club’s board.
How Arena Club works
Arena Club is building a verticalized, full-stack platform for collectors to grade, store, digitize, and trade sports cards through a multi-step process:
- Collectors send in cards and Arena Club completes an analysis via a proprietary grading system using computer vision and AI (collectors can also submit pre-graded cards.)
- A digital replica of the card is minted on the blockchain and the physical card is stored in a secure vault facility.
- The card is listed on the online marketplace to be freely sold or traded and if it trades hands, the purchaser does not need to take physical custody as it stays vaulted.
Arena Club is currently operating in a public beta and there are already thousands of cards across various sports and entertainment properties available on the marketplace. You can check out the platform here.
To Brian, Derek, Jesse and the entire Arena Club team: thank you for partnering with us, and we are thrilled to be on this journey together.
Read more
The views expressed here are those of the individual M13 personnel quoted and are not the views of M13 Holdings Company, LLC (“M13”) or its affiliates. This content is for general informational purposes only and does not and is not intended to constitute legal, business, investment, tax or other advice. You should consult your own advisers as to those matters and should not act or refrain from acting on the basis of this content. This content is not directed to any investors or potential investors, is not an offer or solicitation and may not be used or relied upon in connection with any offer or solicitation with respect to any current or future M13 investment partnership. Past performance is not indicative of future results. Unless otherwise noted, this content is intended to be current only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in funds managed by M13, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by M13 is available at m13.co/portfolio.