B-Stock nets $65m in backing from Spectrum Equity

B-Stock, a B2B marketplace for liquidation merchandise, has netted $65m in a round from growth equity firm Spectrum Equity.

US-based B-Stock is an online auction marketplace for retailers and manufacturers to sell their returned, excess and liquidation inventory to a global buyer base. Its solution also offers users with analytics and data support to help create a customised report of how to improve recovery and strategies.

The platform also offers marketplace technology, auction strategies, demand generation, marketplace management and logistic support.

Capital from the round will be used to drive the expansion of its technology-based liquidation solution for retailers and manufacturers.

Pete Jensen said, managing director of Spectrum Equity. “B-Stock is the clear leader in the online liquidation space having delivered massive value to a long list of global, blue-chip customers. CEO and co-founder Howard Rosenberg and his team are enabling their retail clients to achieve higher recovery, better data and insights, more efficient processes, and a more liquid marketplace.”

As part of the transaction, Spectrum Equity managing director Pete Jensen and senior associate Adam Gassin will join B-Stock’s board of directors. The deal will see existing backers True Ventures and Susquehanna Growth Equity retain their stakes in the company.

The company previously raised $7m in its Series B back in 2014, with Susquehanna Growth Equity leading the round.

Earlier in the year, Spectrum Equity made an undisclosed equity investment into risk and insurance SaaS company Origami Risk. The company offers risk management tools for staff across insured corporate and public entities, to insurance carriers, brokers, TPA’s and risk consultants.

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