It’s a big day for all of us at B-Stock. This morning we announced our $65 million investment from Spectrum Equity, a leading growth equity firm. The investment reinforces B-Stock’s 10-year history of profitable growth and will enable us to accelerate our efforts to transform how retailers approach returned, excess, and other liquidation inventory.
This investment represents a major milestone, not just for B-Stock, but for the liquidation sector as a whole. Investments of this type and scale are still a rarity in this industry and it represents a validation of what we’ve believed for over a decade: that bringing efficiency to what has historically been an inefficient part of retailers’ and manufacturers’ business would create substantial value and competitive advantage for our clients.
In his press release quote, Pete Jensen, Managing Director of Spectrum Equity says the firm is eager to partner with B-Stock given our reputation of delivering “massive value to a long list of global, blue-chip customers” and that our team is enabling our retail clients to “achieve higher recovery, better data and insights, more efficient processes, and a more liquid marketplace.”
Given today’s competitive retail climate, the ability to minimize any loss on returned and other excess inventory has become a competitive advantage for our clients and “with Spectrum’s assistance we will be able to accelerate our growth as we continue to provide retailers and manufacturers with the most advanced and valuable liquidation solution available” says our CEO Howard Rosenberg. “Moving forward, Spectrum’s expertise and experience partnering with fast growing, profitable, software and marketplace businesses like ours will be an invaluable resource.”
Since launching our first liquidation marketplace in 2009, we’ve sold billions of dollars worth of inventory and have experienced a compound annual growth rate of over 100%. In the past 18 months, we’ve launched 18 new B2B liquidation marketplaces for some of the world’s largest retailers, manufacturers and wireless carriers in both North America and Europe. This year, across our network of 50+ marketplaces, we’re on track to sell over 70 million returned or excess items to our hundreds of thousands of business buyers located in 130 countries.
For more information on our investment from Spectrum Equity, please read the press release or contact us at email@example.com. To receive the latest updates on B-Stock, sign up for our monthly newsletter: