B-Stock, a Belmont, CA – based business-to-business marketplace for returned, excess, and other liquidation merchandise, received a $65m investment from Spectrum Equity, a growth equity firm.
In conjunction with Spectrum’s investment, Pete Jensen and Adam Gassin of Spectrum Equity will join the B-Stock board of directors.
The company intends to use the funds to accelerate its business growth efforts.
Led by CEO and co-founder Howard Rosenberg, B-Stock provides a technology-based marketplace platform which sets up an online auction dynamic where retailers and manufacturers can sell their returned, excess and other liquidation inventory directly to a global base of approved business buyers.
Since launching its first liquidation marketplace for a Fortune 500 retailer in 2009, B-Stock has sold billions of dollars worth of inventory, achieving a compound annual growth rate of over 100%. This year, across its network of marketplaces, the company is on track to sell over 70 million returned or
excess items to its hundreds of thousands of business buyers located in 130 countries.