MaxSold secures growth equity funding from the Canadian Business Growth Fund to accelerate its expansion in the downsizing industry, leveraging its unique marketplace to meet increasing demand.
Information on the Target
MaxSold Incorporated is recognized as North America's largest platform for downsizing and estate sales, specializing in providing efficient solutions for individuals who are transitioning from their homes. Established to assist seniors, estate sellers, and empty nesters, MaxSold has created a user-friendly local marketplace that connects buyers with distinctive treasures and everyday goods across 35 metropolitan areas in North America.
Through its innovative approach, MaxSold alleviates the stress associated with selling personal possessions during a downsizing or estate settlement. The platform facilitates a fast and environmentally sustainable method of selling items, ensuring a high percentage of goods are successfully sold while minimizing waste.
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Industry Overview in Canada
The Canadian downsizing and estate sale industry is witnessing significant growth, driven by an aging population and the need for efficient solutions to manage the overwhelming task of selling
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Canadian Business Growth Fund
invested in
MaxSold Incorporated
in 2023
in a Growth Equity & Expansion Capital deal
Disclosed details
Transaction Size: $10M