EVERYTHING BUT THE HOUSE, an estate sales marketplace which was founded in Cincinnati but has since established a sizeable presence in West Hollywood and Van Nuys, announced the closing of a $41.5 million Series C this morning, boosting the amount the company has raised to date to $84.5 million.
The company, which connects buyers with sellers across the country, plans to use the funds to fuel growth initiatives in both operations and technology and intends to grow its team nationally.
“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 percent year-over-year revenue growth,” President and CEO Andy Nielsen said in a statement, 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.”
The funding was led by Greenspring Associates, with participation from returning investors Greycroft Partners and Spark Capital. In August 2015, the company raised a $30 million Series B.
The company recently expanded to Los Angeles, with offices in West Hollywood and a warehouse facility in Van Nuys.
Image via EBTH.
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