{"id":442015,"date":"2021-02-23T09:03:35","date_gmt":"2021-02-23T14:03:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=442015"},"modified":"2021-02-23T09:03:35","modified_gmt":"2021-02-23T14:03:35","slug":"maxsold-announces-follow-on-equity-investment-to-promote-continued-growth","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/maxsold-announces-follow-on-equity-investment-to-promote-continued-growth\/","title":{"rendered":"MaxSold Announces Follow-On Equity Investment to Promote Continued Growth"},"content":{"rendered":"
\n

TORONTO, Feb. 23, 2021 (GLOBE NEWSWIRE) — MaxSold, North America\u2019s leading online downsizing marketplace announced today that it has received a follow-on equity investment from its current investor, the Canadian Business Growth Fund (CBGF).<\/p>\n

The follow-on investment represents a continued belief in the MaxSold team who have executed on their growth plans since CBGF\u2019s initial investment in May 2020. MaxSold will use the proceeds to continue to grow its team, for market growth initiatives, and for research and development of new products including a new app, AI, and augmented<\/a> reality.<\/p>\n

\u201cThanks to CBGF, we have been able to expand and develop our core team and build our market presence substantially,\u201d says Sushee Perumal, CEO of MaxSold. \u201cWe are grateful to have this support especially since it comes at a time when so many businesses are faced with unprecedented challenges.\u201d<\/p>\n

This past year, MaxSold was named on the Financial Times list of The Americas Fastest Growing Companies and The Globe and Mail\u2019s list of Canada\u2019s Top Growing Companies, recognizing the growth they have achieved in the last few years.<\/p>\n

\u201cI am proud of the accomplishments that Sushee and his team have achieved since May, and we look forward to continuing to support the business as they continue to grow throughout North America,\u201d says George Rossolatos, CEO of CBGF.<\/p>\n

In 2020, MaxSold recorded a double-digit growth in sales and gained popularity due to consumer focus on safer means of household decluttering and downsizing. The company also initiated a new corporate social responsibility project to assist the charitable and non-profit sector during COVID-19.<\/p>\n

For more information visit: MaxSold Pressroom<\/a><\/p>\n

\n About MaxSold.<\/strong>\n <\/p>\n

\n
\n
\n MaxSold<\/u>
\n <\/strong>
\n <\/a> is Canada\u2019s leading online platform for selling home contents quickly.<\/p>\n

MaxSold handles the technological side of selling used goods, including online marketing, payment collection, bidder support and receipts for all sellers whether they\u2019re individuals looking to sell their personal possessions, or partner sellers such as professional auctioneers, move managers, estate planners and real estate advisors. In terms of clearing contents from a house, MaxSold is the easy and fast solution, while recovering maximum value for items.<\/p>\n

The company has grown substantially, now serving thousands of clients annually with a strong existing presence in 35 metropolitan areas across North America. MaxSold has become a national and trusted brand for re-selling large volumes\u2014whether through an estate sale, downsizing or decluttering project.<\/p>\n


\n
\n \n <\/div>\n

\n
Contact:\r\n\r\nKate Morris, PR and Communications\r\n647-358-7385\r\n\r\nDanielle Forget, PR and Media Relations\r\npress [@] maxsold.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
TORONTO, Feb. 23, 2021 (GLOBE NEWSWIRE) — MaxSold, North America\u2019s leading online downsizing marketplace announced today that it has received a follow-on equity investment from its current investor, the Canadian Business Growth Fund (CBGF). The follow-on investment represents a continued belief in the MaxSold team who have executed on their growth plans since CBGF\u2019s initial investment in May 2020. MaxSold will use the proceeds to continue to grow its team, for market growth initiatives, and for research and development of new products including a new app, AI, and augmented reality. \u201cThanks to CBGF, we have been able to expand and develop our core team and build our market presence substantially,\u201d says Sushee Perumal, CEO of MaxSold. \u201cWe are grateful to … <\/p>\n
Continue reading “MaxSold Announces Follow-On Equity Investment to Promote Continued Growth”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-442015","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMaxSold Announces Follow-On Equity Investment to Promote Continued Growth - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/maxsold-announces-follow-on-equity-investment-to-promote-continued-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MaxSold Announces Follow-On Equity Investment to Promote Continued Growth - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, Feb. 23, 2021 (GLOBE NEWSWIRE) — MaxSold, North America\u2019s leading online downsizing marketplace announced today that it has received a follow-on equity investment from its current investor, the Canadian Business Growth Fund (CBGF). The follow-on investment represents a continued belief in the MaxSold team who have executed on their growth plans since CBGF\u2019s initial investment in May 2020. MaxSold will use the proceeds to continue to grow its team, for market growth initiatives, and for research and development of new products including a new app, AI, and augmented reality. \u201cThanks to CBGF, we have been able to expand and develop our core team and build our market presence substantially,\u201d says Sushee Perumal, CEO of MaxSold. \u201cWe are grateful to … Continue reading "MaxSold Announces Follow-On Equity Investment to Promote Continued Growth"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/maxsold-announces-follow-on-equity-investment-to-promote-continued-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-23T14:03:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1NzM3OSMzOTg4OTI0IzIyMDU3NDU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maxsold-announces-follow-on-equity-investment-to-promote-continued-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maxsold-announces-follow-on-equity-investment-to-promote-continued-growth\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"MaxSold Announces Follow-On Equity Investment to Promote Continued Growth\",\"datePublished\":\"2021-02-23T14:03:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maxsold-announces-follow-on-equity-investment-to-promote-continued-growth\\\/\"},\"wordCount\":399,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maxsold-announces-follow-on-equity-investment-to-promote-continued-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE1NzM3OSMzOTg4OTI0IzIyMDU3NDU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maxsold-announces-follow-on-equity-investment-to-promote-continued-growth\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/maxsold-announces-follow-on-equity-investment-to-promote-continued-growth\\\/\",\"name\":\"MaxSold Announces Follow-On Equity Investment to Promote Continued Growth - 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