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Seed Round · 2026

Turn Fandom
into Finance

PixUP builds the infrastructure that keeps cultural collectibles in motion — turning every card into a recurring revenue event for fans, stores, and IP owners.

Total Market
$285B
Global collectibles economy
Serviceable Market
$25B
Cards · blind draw · recirculation
Raising
$2.5M
10% equity · $25M post-money
Node Payback
5.5 mo
Per CVM unit · floor model
Year 1 Target
200
CVM deployments across US
Year 3 EBITDA
$12.5M
3,000+ CVM ecosystem
PixUP in 30 Seconds
01

Collectibles are a $285B asset class.

02

But the infrastructure to move them doesn't exist.

03

PixUP builds it with CVM (vending nodes) + VIA (authentication) + RePool (resale & recirculation).

04

Every card becomes a circulating asset — bought, verified, resold, repeat.

The Gap

The market is enormous.
The infrastructure doesn't exist.

Today's reality

  • Cards sell once. Everyone upstream exits.
  • Authentication has no connection to resale or settlement
  • There's no governed layer to bring cards back into market
  • Fragmented: PSA + eBay + Whatnot + retail — no handoff
  • Secondary market growth is invisible to everyone who created the value
  • Supply expands without coordination, standards, or structure

With PixUP

  • One card. Multiple revenue events. Nothing wasted.
  • VIA (authentication) → FlowMark (pricing) → RePool (resale pool): one connected system
  • IP owners earn on secondary resale — not just first-sale royalties
  • One system handles it all: issue → authenticate → clear → recirculate
  • Gen Z already treats cards like assets. The infra just hasn't caught up.
  • Circulation becomes something you can measure, govern, and monetize.
What Makes This Different
Differentiator 01 · Recirculation
One card.
Multiple monetization events.

Every other player sells a card once and moves on. PixUP's RePool turns that single transaction into a governed loop — the same card authenticated, resold, returned, recirculated. Each pass generates fees, price signals, and platform revenue. The asset doesn't die at checkout. It keeps working.

Issue → Authenticate → Resell → Return → Recirculate → Repeat
Differentiator 02 · IP Incentive
IP owners earn
beyond the first sale.

In every existing model, IP owners earn once — when the card ships. After that, secondary market growth is invisible to them. PixUP changes that: revenue is distributed based on how actively each IP drives circulation. The cards that keep fans pulling earn their IP more. Top IPs don't just benefit from PixUP — they're structurally incentivized to stay.

First-sale royalty + Secondary circulation earnings = Structural loyalty
The System

Three layers. One closed loop.

01
CVM
Collectible Vending Machine · Physical Entry

Offline entry points in boba shops, laundromats, K-Fan stores, and live events. Each unit pays for itself in ~5.5 months with no staff required on-site. Scale runs through MeetUP — an outsourced operations network covering on-site service, maintenance, and inventory across all nodes. PixUP owns the network logic. Not the fleet.

02
VIA × FlowMark
Authentication & Pricing · Trust Layer

VIA issues a verifiable digital certificate for every card that enters the system. FlowMark turns transaction velocity, scarcity, and demand into real-time price signals. Physical cards become auditable, priceable assets — ready for RePool and settlement.

03
RePool
Governed Recirculation · Clearing Layer

Once a card enters RePool, it stays in the system. Supply flows in from IP issuance, creators, consignment, and player returns — keeping the pool self-renewing. Scarcity and pricing follow system rules, not individual actors. Hoarding stops being a viable strategy.

Vending NetworkCard AuthenticationResale & RecirculationReal-Time PricingGlowUP ConsumablesIP Ongoing EarningsCreator Card IssuanceMeetUP Mobile FleetSaaS PlatformSettlement & Clearing Vending NetworkCard AuthenticationResale & RecirculationReal-Time PricingGlowUP ConsumablesIP Ongoing EarningsCreator Card IssuanceMeetUP Mobile FleetSaaS PlatformSettlement & Clearing
Participants

Each move creates value.
Together they create liquidity.

Demand Initiators
Players (Offline & Online)
Lucky Draw / Live Breaks → Secondary circulation → VIA certification → Optional return → Recirculate. Fan behavior drives demand. A single KPOP session runs 5–10 packs.
→ Demand activation & circulation start
Distributed Nodes
Offline Stores
Host CVM → On-site draws → Foot traffic → Automated revenue share. Zero overhead. Plug-and-play with remote monitoring. Retail hosts take 20% — no operations required.
→ Physical distribution & parallel circulation
Supply Custodians
Online Pro B2B
Consign → Custody → Batch VIA → Multi-channel listing → Resell. Faster turns, lower cost per unit, steady supply into RePool. Professional inventory without the asset burden.
→ RePool replenishment & quality supply
Issuance Sources · Largest Growth Driver
IP Owners & Creators
Issue → Define series and rarity → Distribute → Sustain fan engagement. Unlike every existing model, IP owners earn on circulation — not just first sale. The more their content moves the market, the more they earn.
→ Primary issuance feeds secondary circulation
Why Now · Why This Round

The behavior already exists.
The infrastructure does not.

Demand is proven

TCG and photocards sell out across US retail.

Mainstream adoption is settled. Gen Z treats collectibles as identity, social currency, and tradeable value — not impulse buys.

Supply expanding without structure

More content than ever. Zero coordination.

Creators and IP holders issue more than the market can absorb cleanly. Issuance standards, verification, and resale remain completely fragmented.

The window is open — and closing

No one owns the recirculation layer yet.

Vending automation is mature. Labor costs make staffed retail uncompetitive. The category is being defined right now — whoever reaches network density first owns it.

Why invest now — not later

This round funds the OS. Nodes come after.

$2.5M builds the OS — VIA, RePool, FlowMark, MeetUP backbone — before a single node goes live. Every CVM after this round is profitable from day one. This model self-finances its own growth. Miss this round, and the flywheel won't need you.

AI Layer

AI as an operational amplifier
not a product feature.

AI runs inside the system — not on top of it. It handles execution, clearing, and risk control at scale. No marketing claim. The more nodes run, the sharper it gets.

Asset Identification
Recognition & Eligibility

Image matching, duplicate detection, multi-angle verification. Consistent, auditable identification at any volume — the foundation custody and clearing depend on.

Pricing & Risk Signals
FlowMark Generation

Rarity, demand intensity, resale velocity — turned into explainable price signals. Risk surfaces before it reaches clearing.

Operations & Forecasting
CVM Replenishment & Stability

Restocking, location performance, resale flow forecasting. The network gets smarter as it scales — not just bigger.

The Cashflow Loop

One card. Two channels.
One closed loop.

Offline and online run in parallel — not in sequence. Every card, regardless of entry point, flows into the same authentication, resale, and recirculation system. PixUP earns at every stage — first draw to final resale.

OFFLINE ONLINE FIRST ISSUANCE CVM Lucky Draw Boba · Laundromat · K-Fan MeetUP mobile fleet Live Breaks Online unboxing · streaming Creator & IP issuance Buyer receives card Unverified · $15 per pack · blind draw Keep & Collect No further action VIA Authentication Buyer pays · gets certificate Visual · Integrity · Authentication Return to PixUP PixUP pays VIA internally RePool Governed recirculation Secondary Market FlowMark price · consign & sell Buyer-initiated PixUP-operated Recirculation Optional path
Unit Economics
Profitable
from node one.

Every node pays for itself before the network scales. Floor holds at 2.8 packs per day. Real sessions run 3–5. KPOP fans who miss their pull don't walk away — they pull again. Margins improve as licensing costs decline at scale.

Pack Retail Price5 cards per pack · blind draw
$15
Platform Net RevenueAfter IP license 20% + retailer 20% + channel costs $2.35
$6.65
Monthly Net (floor)~83 packs per month · conservative floor
$550+
Payback PeriodPer CVM unit · offline lucky draw only
5.5 mo
GlowUP SleevesHigh-margin consumable · every card needs one · VIA ritual object
Recurring
Year 3 Ecosystem EBITDA3,000+ CVM network at scale
$12.5M
Market Sizing

The recirculation layer
is structurally unowned.

TAM
$285B
SAM
$18–25B
SOM
$1.2–2.0B
Primary Channel
10K → 100K

US boba shops, growing from 10K to 100K over five years. Near-perfect demographic overlap with KPOP and anime card buyers. The expansion is already happening — PixUP is positioned inside it.

Captive Channel
30K+

30K+ US laundromats. A weekly mandatory visit. 30–45 minutes of dwell time with nothing to do. No channel has higher captive conversion potential.

Mobile Layer
MeetUP

Concerts, conventions, campuses. Fan density peaks at live events — and fixed nodes can't follow. MeetUP goes where the crowd is.

Team

Executive ownership
across every lifecycle layer.

IP & Issuance
Will
MBA · Global IP operations & creator ecosystem. Issuance standards, cross-cultural consistency, and long-term content alignment.
Infrastructure
John
MS ISM · Large-scale platform architecture. Coordinates issuance, authentication, settlement, and circulation logic.
Card & Market
Alan
Card issuance & promotion experience. Series design, release cadence, and market absorption strategy.
Retail Network
Zoe
North America retail partnerships. Standardized and modular offline store deployment at scale.
Settlement
Lan
CPA · Payments, ledger, and reconciliation systems. Value confirmation and secure clearing integrity.

Appendix A · Capital Allocation

Equity builds the OS.
Debt expands the network.
Assets compound system value.

Equity
$2.5M
Building the Operating System
10% equity · $25M post-money valuation. Funds: GlowUP consumables & IP supply capacity $0.7M · CVM cold start buffer $0.8M · VIA × FlowMark × RePool system integration $0.7M · Legal & compliance $0.3M.
Debt
Rolling
Expanding the Physical Network
12-month rolling facility for verified node replication. Combined with refundable deposits and supply chain terms. Target DSCR ≥ 1.5. Single node payback ~5.5 months — debt self-liquidates without equity dilution.
Assets
VVCV
Building the Circulation Foundation
VIA × FlowMark × RePool create a traceable, auditable resale layer. Reserves and settlement deposits act as a risk buffer — smoothing inventory and circulation swings, improving capital efficiency over time.
12-Month Execution Plan
Deploy 200 CVMs across US — 50-node LA pilot first. Locations: boba shops · laundromats · K-Fan · GameStop · Hot Topic · Follett.
Launch 5 MeetUP vehicles. Advance 10+ IPs/SKUs: K-pop · MrBeast · Local Creators (self-operated) · Labubu (via agency).
Appendix B · Value Creation Layers

Three layers.
One compounding system.

Layer 1 · Transaction Channel
GlowUP · Issuance · VIA · Commissions
$3M → $50M+
CVM floor GMV compounds as nodes replicate. Each node is independently verified — building an auditable, reproducible cash flow base across issuance models.
Layer 2 · System Capabilities
SaaS · Settlement Fees · Data Services
$0.6M → $10M ARR
Standardized workflows across issuance, authentication, execution, and clearing. Built to replicate in parallel — no bottleneck at scale.
Layer 3 · System Value
Auditable Cashflow · VIA Data · RePool
$12.5M EBITDA
Year 3 · 3,000+ CVMs. Value accumulates through circulation density — not from any single transaction, but from the system running at scale.
Appendix C · Competitive Landscape

A fragmented market.
A unified infrastructure.

Player Structural Focus & Constraint What PixUP Unifies
Pokémon / Topps
IP Issuers
Create content, but stop at issuance. No circulation data, no settlement layer, no secondary participation. End-to-end: issuance → execution → settlement → traceability. IP earns on every resale, not just first sale.
PSA
Authentication
Strong grading — but the certificate goes nowhere. No circulation, no pricing, no resale connection. VIA × FlowMark × RePool closes the loop from authentication through to circulation and clearing.
Whatnot
Live Breaks
Fast, but online-only. No offline presence, no system APIs, host-dependent. Offline CVM × Live breaks × Secondary resale unified as one system-level infra. No host dependency.
POP MART
Blind Boxes
Single purchase, single use. No secondary layer, no asset continuity. RePool turns a one-time purchase into a cycling asset. Value compounds with each pass.
Crossing
Live Break & Retail
Inventory-heavy, slow to deploy, high overhead. The asset-heavy model is a ceiling on both speed and margin. Asset-light CVM nodes with plug-and-play circulation. Partners deploy in days, not months.
eBay / TCGPlayer
Marketplaces
Passive listings only. No issuance, no authentication, no recirculation control. Pure traffic arbitrage. End-to-end infra: issue → authenticate → clear → recirculate. Not a traffic-based marketplace.
Appendix D · Multi-Stream Revenue

Value captured at every
point of the asset lifecycle.

Stream 1
Infrastructure Services
SaaS subscriptions from IP owners, creators, custodians, and retail nodes. Supports standardized operation of the entire system. Scales with node count, not headcount.
Stream 2
Trust & Settlement
VIA authentication and settlement fees. Revenue that's directly tied to verification demand — and grows with every transaction.
Stream 3
Circulation Activity
CVM commissions and RePool resale participation. Secondary fees distributed to IP owners based on how much their content drove circulation.
Stream 4
GlowUP Consumables
PixUP's card sleeve line — high-margin, recurring, and structurally tied to usage. Every card entering VIA needs one. Demand doesn't require promotion. GlowUP is the physical ritual of authentication.
Stream 5
Online Marketplace Access
Live break fees and resale commissions. An optional module that activates where liquidity is needed — and scales with the platform.
Stream 6 · Future
Institutional Extensions
When the system reaches scale and stability: asset-backed structures built on real circulating cash flows. Not required to get there — just where depth naturally leads.
Appendix E · Key Risks & Countermeasures

Every risk is structurally addressed.

Risk
Mitigation
Outcome
Supply Volatility
Multi-source supply (IP, creators, B2B consignments, player returns, regeneration) + VIA classification. RePool structure self-renews over time.
No single-supplier dependency. Pool renews itself.
Offline Expansion Speed
Plug-and-play CVMs in boba shops and laundromats. Remote monitoring and automated operations. MeetUP fleet for mobile deployment.
Scales to tens of thousands of nodes. Labor stays flat.
Authentication Accuracy
Three-layer verification (image × batch × optical), AI duplicate detection, and manual sampling checks at scale.
Fast, consistent, auditable — holds at any volume.
User Arbitrage & Fraud
AI behavior scoring, anomaly detection, blacklist systems, and batch-level traceability across all circulation events.
Clean loops, even under real-world abuse conditions.
FinTech & Compliance
Regulated payment partners, full-ledger traceability, KYC/AML-ready from day one.
Institution-ready asset infrastructure built on VVCV framework
System Complexity
Unified SaaS × VIA × RePool on standardized workflows. Complexity lives inside the system. Users see none of it.
Structural depth without user-facing friction. Scales without proportional overhead

The infra for cultural
assets starts here.

PixUP

$2.5M builds the OS — VIA, RePool, FlowMark, MeetUP backbone — before a single node goes live. Every CVM after this round is profitable from day one. This model self-finances its own growth. Miss this round, and the flywheel won't need you.

Round Size$2.5M
Equity Offered10%
Post-Money Valuation$25M
12-Month Target200 CVM nodes · US
Request Full Deck →

or email will.long@pixup.cards

Built for the Global Collectibles Circulation Economy