Martingale raises Angel Round PDF Print E-mail
Martingale Internet Technologies, the leading provider of 2nd Generation Online Collectible Marketplaces raises substantial angel funding from a number of heavy hitters.  Investors include founders or early backers of a number of successful eCommerce businesses such as
  • Aucland (the first French online auction site sold to Europ@web)
  • DeRemate (the 2nd largest South American online auction site)
  • Maktoob (the largest Arab online community sold to Yahoo!)
  • Mercado Libre (the largest South American online auction site)
  • Molotok (the largest Russian online auction site sold last year to Naspers)
  • OLX (international classified site)
  • QXL (the largest Central and Eastern European online auction site sold to Naspers)
  • Souq (the largest Arab online auction site)

The funding will be used to accelerate growth of Toy Collector, Martingale's first marketplace, and to close an agreed acquisition. 

Various collectibles indicating future Martingale Internet Technologies sites
Fabrice Grinda, Co-CEO, OLX says "Martingale has built the right solution for collectors’ markets, combining social media with collection management and trading abilities, I am looking forward to see the company succeed in the $9 billion vintage and collectible toy market as well as expanding into other collectible markets."

Robert Dighero, Chairman of Martingale says "We are excited about having backing from a group bringing such a wealth of experience in online marketplaces as well the opportunity to leverage their networks in Asia, Europe, North and South America."

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