By combining the nostalgia of childhood toys with the excitement of the stock market, Mythic Markets makes it easy and affordable to invest in pop culture collectibles. Many people don't realize that premium collectibles can outperform the stock market and real estate, said Joseph Mahavuthivanij, CEO of Mythic Markets. Fans and collectors, meanwhile, know their favorite asset classes intimately well -- but the most desirable items are often out of budget and out of reach. Mythic Markets gives them a way to engage deeper with the things they're passionate about.
The company recently raised a $2 million seed round investment from leading venture capital firms and angel investors. Slow Ventures led the oversubscribed round, with participation from Third Kind Venture Capital, Global Founders Capital, and others.
We are thrilled to be backing Mythic Markets. We think they can play a big role in leveling the playing field for people interested in owning physical assets, said Slow partner Sam Lessin. By increasing liquidity and distributing ownership, more people can invest in a wider range of things they enjoy. We're excited to be a part of their new approach.
The company received their SEC qualification in August 2019, and intends to expand into other forms of fandom in early 2020, including vintage comic books, sci-fi memorabilia and eSports team equity.