# MaxSold

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/maxsold

- Industry: Commercial Property
- Headquarters: Kingston, Canada
- Website: www.maxsold.com
- Total disclosed funding: $16M
- Latest round: Series B (Mar 23, 2022)
- Investors on record: 2

## About

MaxSold, Inc. is a digital auction platform facilitating online sales for individuals and businesses, specializing in estate sales, downsizing, and liquidation events through a user-friendly interface.Founded in 2010 by Barry Gordon and Manson Slik, MaxSold, Inc. is headquartered in Kingston, Canada. The company specializes in online auctions, helping clients sell items efficiently. It has secured a total of USD 16.1 mn across multiple funding rounds, with the most recent being a Growth round led by Silicon Valley Bank on March 23, 2022. The company has executed a total of 5 deals to date.MaxSold specializes in facilitating online auctions, helping individuals and businesses sell items through a streamlined digital platform. The company offers services including auction management for downsizing, estate sales, and liquidation events, enabling sellers to list items, manage bids, and complete sales. MaxSold serves a diverse clientele, including private individuals, estates, and businesses looking to liquidate assets, and operates in various U.S. markets, notably in Florida.MaxSold generates revenue from the auction process, charging service fees based on the final sales price or as a flat fee per auction. The company also provides premium services for enhanced visibility of auction listings. Sellers engage with MaxSold to set up auctions, while bidders participate directly through the online platform, fostering a direct-to-consumer model that connects buyers and sellers seamlessly.In March 2022, MaxSold, Inc. raised USD 16.1 mn in a Series B funding round, led by Framework Ventures, with support from the Canadian Business Growth Fund. The company intends to utilize this funding to expand its operations in the U.S., particularly targeting markets in Boston, Atlanta, and Philadelphia.

## Funding rounds

- Series B, Mar 23, 2022, $16M — Canadian Business Growth Fund, Framework Ventures

## Investors

- Canadian Business Growth Fund (https://capitalatlas.ai/funds/canadian-business-growth-fund) — Series B
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Series B