Ghost, a B2B marketplace for surplus inventory, has raised $30 million in Series B funding from Cathay Innovation and several existing investors. This round brings the company total venture funding to $68 million to date. Ghost aims to use the funds to hire people for product, engineering and design roles, as well as to develop its platform further to meet growing customer demand.
Ghost’s platform allows for sellers to discreetly and efficiently monetize their surplus inventory to buyers. Ghost also uses data to predict information such as market pricing and sell-through.
Since Ghost’s launch from stealth in July 2022, the company has seen a 500 percent increase in uploaded inventory and has doubled the size of its team. The company has over 1,000 members on its platform, including brands and global retailers in categories like apparel, footwear, beauty and home goods.
