Catena Media invests in Collectbase’s Repackz collectibles platform

Catena Media has made a strategic investment in Repackz, a business-to-business collectibles platform owned by California-headquartered Collectbase, the company said. The deal also includes Collectibles.com, a community and application that collectors use to organise, manage, value and share their collections. Catena Media did not disclose the amount invested.

Catena Growth Ventures, the investment arm of Catena Media, has put money into a company for the first time through this deal. The two businesses have agreed to cooperate on the commercial side, and Catena Media will make Repackz known to operators and publishers across its network. Repackz runs digital gaming tied to physical trading cards and other collectibles, a format commonly called pack-ripping.

Manuel Stan, chief executive of Catena Media, said the investment was a further step in diversifying the company's revenue streams. He said Repackz had built a product that operators are already taking live and that Catena Media saw an opportunity in bringing it to more of them, contributing capital, operator relationships and distribution through Catena Growth Ventures.

Shares in Catena Media plc (STO:CTM) were trading at SEK2.75 per share in Stockholm earlier on Monday, the company said.