Ghost Appears With New Funding, Marketplace To Match Buyers With Unsold Products
07/19/22, 1:18 PM
Location
los angelesIndustry
software
The process for retailers and brands to liquidate excess inventory hasn’t changed very much, if at all, and while some retailers were able to build operational infrastructure to service the off-price channels, it continues to be a constant pain point.
Company Info
Location
los angeles, california, united states
Additional Info
The company raised $5 million in equity last November from Equal Ventures and Eniac to give it $28 million in total equity and debt funding. The company has about 20 job openings in the areas of full-stack engineers, data analysts and data science. Josh Kaplan and Dee Murthy, both founder and co-CEO of the Los Angeles–based company, started Ghost in 2021 after previously working together at Four Five Group, a men’s apparel business. ”The end of the product lifecycle is where Murthy and Kaplan feel Ghost has “an enormous opportunity to help people be more efficient in that process,” Murthy added. Ghost is not alone in developing technology focused on inventory.