CINCINNATI--(BUSINESS WIRE)--EVERYTHING BUT THE HOUSE (EBTH), the world’s premier online estate sale marketplace which connects bidders and buyers with unique collections from estate sales across the country, has raised $41.5 million in its latest round of venture capital Series C funding. Led by Greenspring Associates, with participation from returning investors Greycroft Partners and Spark Capital, EBTH plans to use the capital to fuel growth initiatives in operations and technology and to continue to expand its team nationally. EBTH has raised $84.5 million to-date.
“EBTH is changing how the world downsizes. We are thrilled to return to lead the company’s Series C funding and have been incredibly impressed with the executive team’s passion and drive to become the national leader in the estate sale industry,” said Ashton Newhall, Greenspring Associates Managing General Partner.
Founded in 2008, EBTH provides a solution to the antiquated estate sale experience, offering buyers and sellers a sophisticated online auction platform with a unique value proposition of discovery, convenience and personalization. Since launch, EBTH has led the disruption of a $100 billion estate sale market with its innovative, full-service model for individuals and families looking to sell their collections and household items.
“Our company has experienced exponential growth over the last year as we help to downsize the largest generation of boomers in our country’s history. With the size of the market estimated to grow by $10 billion over the next four years, we are taking on this strategic funding while reporting 110% year-over-year revenue growth,” said Andy Nielsen, President and CEO of EBTH. “We are thrilled that our investors, who are returning from our Series B fundraise, believe in our mission to provide a transparent, seamless solution for families navigating life's most difficult transitions.”
EBTH is also welcoming two executives to its team. Former President and CEO of Journal Media Group and 25-year veteran and CFO of The E.W. Scripps Company, Tim Stautberg has joined EBTH as its Chief Financial Officer starting October 2016. In addition, Scott Griffith, former Chairman and CEO of Zipcar, will be joining the company’s Board of Directors this fall.
ABOUT EVERYTHING BUT THE HOUSE
EVERYTHING BUT THE HOUSE (EBTH) is a revolutionary online marketplace that provides the reach and convenience of an e-commerce platform for estate sales around the world. As a full-service provider, EBTH helps sellers maximize the value of their collections by handling every aspect of the sale from photography and cataloging to payment and delivery. Through its marketplace, EBTH also allows collectors and buyers to discover everything from rare antiques and original art to great deals on everyday needs. With more than 350 estate sales a month and all items starting at $1, bidders from across the world always have something new to discover at www.EBTH.com.
