Briefing

Online-auction company MaxSold raises $16.1M in Series B financing

The round was led by new investor Framework Venture Partners, with participation from existing investor the Canadian Business Growth Fund, and $5 million in growth capital from Silicon Valley Bank. Kingston, Ont.-based MaxSold plans to use the funding for hiring as well as its ongoing expansion in the U.S., particularly in Boston, Atlanta and Philadelphia. (The Logic)

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