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The B-Stock Seller Blog
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Last Updated August 28th, 2024 at 1:45 pm
B-Stock receives $65 million in funding to expand returned and excess stock marketplace
Jun 26 2018 · BY abigailLast Updated August 28th, 2024 at 1:45 pm
B-Stock, the business to business marketplace for returned, excess and other liquidation stock has received $65 million in funding from growth equity firm Spectrum Equity, the first time PE funding has been pumped into the reverse supply chain and liquidation sector.
The investment will help expand its technology-based liquidation solution. “As more retailers and manufacturers increasingly focus on reverse logistics and liquidation of excess inventory, the company is well positioned for continued growth, and we are eager to partner with them to help in that process,” said Pete Jensen, managing director of Spectrum Equity.
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