- Kevin Durant and Larry Fitzgerald previously invested in memorabilia company
- Alt raised US$31m in series A funding round in March
Digital sports memorabilia trading platform Alt has raised US$75 million in a series B funding round, with several high profile athletes among its new investors.
In addition to the individual investors, several private equity firms also put up funding, with US-based Spearhead Capital leading in that regard. Vibe Capital, Seven Seven Six, Breyer Capital, Shrug Capital and Apollo Group all also put up funding.
Having initially started out as a sports card trading platform, Alt since decided to venture into other markets, including non-fungible Tokens (NFTs).
Earlier this year Alt raised US$31 million for for its alternative asset platform, which allows users and collectors to trade cards, and have them stored safely, with NBA All-Star Kevin Durant, as well as NFL legend Larry Fitzgerald buying in.