Liquidation startup B-stock gets $65M investment
In conjunction with Spectrum’s investment, Pete Jensen and Adam Gassin of Spectrum Equity will join the B-Stock board of directors.
Previous investors True Ventures and Susquehanna Growth Equity will maintain stakes in the company; Amir Goldman of Susquehanna Growth Equity will remain on B-Stock’s board of directors. B-Stock was advised by Fenwick and West with DCS Advisory serving as B-Stock’s exclusive financial advisor. Spectrum Equity was advised by Kirkland & Ellis and retained Silicon Valley Bank to provide senior financing.