Ludex Technologies Inc.

Ludex Technologies, LLC operates within the burgeoning collectibles market, offering a technology-driven solution for the trading card industry. The company was founded in Chicago in 2021 by Brian Ludden and Heather Denniston. The idea originated from Ludden's personal experience of re-engaging with the card collecting hobby with his son during the COVID-19 pandemic and finding the process of identifying and valuing cards to be archaic and frustrating. Ludden, a former college athlete and a nearly 25-year veteran of the Chicago Board Options Exchange, leveraged his background in finance and passion for collecting to conceptualize the business. Denniston, with a background in human capital, strategy, and operations, joined as a founding partner to streamline operations and scale the company.

The company's core product is a mobile application available for iOS and Android that utilizes proprietary AI and image recognition technology to instantly scan and identify trading cards. Upon scanning a card, the app provides detailed information, including the player, team, year, and manufacturer, and uses machine learning algorithms that analyze sales data from multiple marketplaces to provide an estimated market value. This service caters to a wide range of collectors, from nostalgic individuals rediscovering their collections to seasoned hobbyists and resale shops. The platform supports a diverse array of sports and trading card games (TCGs), including baseball, basketball, football, hockey, Pokémon, and Magic: The Gathering, with plans to expand into other collectibles like comics, coins, and stamps.

Ludex generates revenue through a subscription-based model. While the app is free to download and allows for unlimited scanning, users can choose from tiered subscription plans (Lite and Standard) to save cards to their digital portfolio, access advanced organizational features, and utilize an integrated tool to list cards for sale on eBay. The company has successfully raised over $8 million in funding, primarily through grassroots efforts from friends and family, including notable investors like former NFL players Brian Urlacher and Cassius Marsh. Looking forward, Ludex aims to become a comprehensive ecosystem for collectors to manage, value, and monetize their entire range of collectible items.

Keywords: trading card scanner, sports card valuation, collection management app, TCG price guide, AI card identification, digital portfolio, collectibles market, eBay listing tool, Pokémon card scanner, Magic: The Gathering value, sports memorabilia, Brian Ludden, Heather Denniston, Chicago startup, graded card scanner, collection monetization, card collecting hobby, investment collectibles, market data analysis, mobile scanning app