Colexion
Aims to expand the relationship between artists and fans by creating a value- added platform for artists' digital artworks.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor investor investor investor investor investor investor investor investor investor investor investor | €0.0 | round | |
* | N/A | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Colexion operates as a licensed Non-Fungible Token (NFT) marketplace, focusing on celebrity digital collectibles from sports, entertainment, and art. The company was founded in 2021 by Abhay Aggarwal and Bibin Babu and is headquartered in Dubai, UAE. Aggarwal, the CEO, is a serial entrepreneur with a background in the mineral processing industry and a passion for sports, art, and blockchain, which led to the creation of Colexion.
The platform allows fans and collectors to buy, sell, and trade officially licensed digital items like limited-edition images, autographs, and video moments of celebrities. It aims to make NFTs accessible and affordable to a broad audience, fostering a closer connection between stars and their followers. The business model is centered on the sale and trading of these digital assets, with transactions facilitated through its native utility token, $CLXN, as well as fiat currencies like INR and USD. The platform is built on the Polygon blockchain, ensuring the authenticity and traceability of each NFT.
Colexion has secured a total of $13 million in funding over two seed rounds from investors including Polygon, Jump Trading, and Maven Capital, with notable angel investment from figures like actor Suniel Shetty. A key feature of Colexion's offering is the world's first virtual 3D NFT museum, where users can explore exhibits detailing the careers of legendary figures. The company is also developing a play-to-earn gaming platform, integrating NFTs as in-game assets to enhance user engagement and provide monetization opportunities for players. This positions Colexion beyond a simple marketplace, aiming to create a comprehensive metaverse with virtual tournaments and concerts.
Keywords: NFT marketplace, digital collectibles, celebrity NFTs, blockchain technology, Polygon network, play-to-earn, virtual museum, sports memorabilia, entertainment collectibles, crypto collectibles, Abhay Aggarwal, Bibin Babu, licensed NFTs, digital art, fan engagement, metaverse, crypto gaming, CLXN token, UAE startups, NFT trading