Deals
Amazon Invests in Trading-Card Platform Dibbs as Collectibles Boom
- Dibbs already has backing of venture capital firms, athletes
- Company is looking to expand beyond sports cards, CEO says
Dibbs
Source: Business WireThis article is for subscribers only.
Amazon.com Inc. is investing in sports-card marketplace Dibbs, entering a booming collectibles industry as interest rises in alternative assets.
The fresh funding comes as Dibbs starts a new service that allows users to buy and sell fractions of trading cards. Dibbs previously raised about $16 million from venture firms Foundry Group, Tusk Venture Partners, Courtside Ventures and Founder Collective. It also has a group of athlete investors, including the NBA’s Chris Paul and Kevin Love. Financial terms of Amazon’s involvement weren’t disclosed.