MaxSold, a Toronto, Canada-based provider of an online platform for auctioning estate sales and downsizing, among others, raised $16.1M in Series B funding.
The round was led by Framework Venture Partners, with participation from Canadian Business Growth Fund. MaxSold has also secured $5m in growth capital from Silicon Valley Bank.
The company intends to use the funds to facilitate ongoing expansion throughout the US and particularly in Boston, Atlanta and Philadelphia, to grow the team and drive new partnerships in previously unserved industries.
Led by Sushee Perumal, CEO, MaxSold provides an online platform for auctioning a large volume of content, whether for downsizing, decluttering, estate sales or excess inventory. Now, the company is set to expand into new recommerce industries through their digital solution, which manages everything in the auction pipeline: photographing and cataloging items, posting the auction online, digital marketing, scheduling buyers on pickup day and collecting payments.
MaxSold has a presence in 75 major cities across North America.
FinSMEs
24/03/2022