MaxSold secures $3M funding from BDC Capital
Summary
Founded in 2010 by Barry Gordon and led by CEO Sushee Perumal, Kingston, Ontario based MaxSold is a highly innovative online estate and downsizing auction company. The company operates in 35 metropolitan areas in Canada and the U.S. MaxSold, the downsizing and estate service platform, secures $3M growth financing from BDC Capital KINGSTON and OTTAWA, March 11, 2020—MaxSold, a highly innovative online estate and downsizing auction company based in Kingston, Ontario, has secured 3 million dollars in non-dilutive financing from BDC Capital’s Growth & Transition Capital division. MaxSold’s 500-member team takes a large burden off clients who have estate or downsizing needs by providing local expert help to sell household contents on the company’s online platform. “BDC Capital’s financing will be used to make key hires, continue to develop proprietary technology and training tools, and fuel ongoing expansion in the U.S.,” adds Paul Vickers, the company’s CFO. “No other company in North America matches MaxSold’s breadth of services and ease of use to help downsizers and estate sales move their items quickly,” affirms Brenneman.