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Here’s more on those and other midweek venture deals in the Bay Area:
Funding:
• Silver Peak Systems Inc., Santa Clara, $90 million: Technology Crossover Ventures made this late stage investment in this 14-year-old provider of software-defined networking technology. (Read more here.)
• B-Stock Solutions Inc., Belmont, $65 million: Spectrum Equity provided a private-equity round of funding for this online auction platform for returned, excess and other liquidation inventory.
More from the B-Stock Blog
Case Study: How JCPenney Scaled its B2B Resale Program
Managing returned inventory across multiple locations is no small task. For JCPenney, a fragmented process, inconsistent recovery rates, and limited buyer competition made it difficult to maximize the value of returned merchandise. By partnering with B-Stock, JCPenney centralized its B2B…
What Back-to-School Shoppers Want—And How Resellers Can Deliver
Back-to-school season is here! For resellers, it’s one of the best times of year to move inventory, attract new buyers, and position your business as a smart way to save on popular products. This year, budget-conscious shoppers are getting their…
How Jim Rowe Filled a Shopping Desert—With Costco Returns
Jim Rowe has always been an entrepreneur. From 2002 onward, he and his wife built a sizable chain of restaurants across Washington with nine locations in total. Then COVID hit, and like so many others, everything stopped. Luckily, Jim’s not…
