? Founder Spotlight ?
Last year, we invested in LA-based startup Ghost, leading its $30M Series B.
Last week, we were thrilled to re-up support in their $40M Series C, led by L Catterton — the leading consumer growth investor (by LVMH & Groupe Arnault) (see Fortune exclusive in comments). ??
This marks an important milestone for Ghost, which has been quietly revolutionizing retail inventory with its B2B marketplace that grants “access to excess.”
On the blog, we catch up with Ghost founders Josh Kaplan & Dee Murthy to dig into the news, what’s happened over the last year and their vision for the future.
Some Highlights: ??
1?? L Catterton Partnership: With its incredible portfolio + retail relationships, Ghost is positioned to scale, integrating deeper into the ecosystem of the world’s leading consumer brands.
2?? Data-Driven Growth: Ghost is pushing boundaries with advancements in data science, AI, and machine learning to help brands unlock new opportunities for their excess and wholesale inventory. ??
3?? Beyond Surplus: Ghost is expanding beyond its original focus on surplus inventory, creating a marketplace where every product can find its home, ensuring under-distributed brands connect with new buyers.
We're big believers in Ghost — helping retailers solve the surplus inventory issue in a major way — and are happy to welcome L Catterton to the journey alongside Union Square Ventures, Eniac Ventures, Equal Ventures, FJ Labs & QuantumLight.
Read more from Josh, Dee & the CI team here ??
https://lnkd.in/gUb9aC3e
CC: Denis Barrier Simon Wu Brian Schwarzbach #VentureCapital #Startups #Entrepreneur