THE WHAT? Ghost has introduced that it has raised US$30 million in a Collection B funding spherical led by Cathay Innovation. Present traders Union Sq. Enterprise, Equal Ventures and Eniac Ventures additionally participated within the spherical.
THE DETAILS The members-only B2B market for surplus stock will use the funds to rent for a number of roles in product, engineering and design whereas additional growing its platform.
THE WHY? Simon Wu, Associate at Cathay Innovation, reveals, “Ghost has discovered a approach to basically change the business and unlock billions for each patrons and sellers by specializing in entry. By permitting sellers to cease being ‘value takers’ and generate superior restoration charges whereas concurrently granting patrons entry to premium, extremely sought-after stock beforehand unattainable, Ghost grows the pie and creates win-win options for all events. We’re excited to associate with Josh and Dee — two well-known commodities in retail and tech and a pure founder-market match — as they work to scale and develop into new classes and geographies.”
