U.S. online marketplace Everything But The House has secured over $41 million in funding that it says will help fuel growth initiatives in operations and technology.
The marketplace, which connects bidders and buyers with unique collections from estate sales across the country, has raised $41.5 million in its latest round of venture capital Series C funding.
Led by Greenspring Associates, with participation from returning investors Greycroft Partners and Spark Capital, EBTH plans to use the capital to continue to expand its team nationally. To date, the company has raised $84.5 million.
“EBTH is changing how the world downsizes. We are thrilled to return to lead the company’s Series C funding and have been incredibly impressed with the executive team’s passion and drive to become the national leader in the estate sale industry,” said Ashton Newhall, Greenspring Associates Managing General Partner.
“Our company has experienced exponential growth over the last year as we help to downsize the largest generation of boomers in our country’s history. With the size of the market estimated to grow by $10 billion over the next four years, we are taking on this strategic funding while reporting 110% year-over-year revenue growth,” said Andy Nielsen, President and CEO of EBTH. “We are thrilled that our investors, who are returning from our Series B fundraise, believe in our mission to provide a transparent, seamless solution for families navigating life's most difficult transitions.”