Mooreland Partners acted as the exclusive financial advisor to Proxibid on a growth equity financing led by Primus Capital. Based in Omaha, NE, the Proxibid Marketplace is the leading online marketplace for highly valued and specialised goods.
"This financing highlights Mooreland's ability to help fast growing internet companies raise growth capital from sophisticated, value add investors. The Proxibid Marketplace is poised for rapid growth in the US and abroad due to its robust ecommerce product suite and fast growing customer base. Primus is an ideal financial partner for the business based on their experience scaling companies of this stage," says Peg Jackson (pictured), Managing Director of Mooreland Partners.
Founded in 2001, Proxibid offers an internet platform to bring liquidity to previously-owned items in large, highly fragmented, traditionally offline industries. The platform is used for selling assets across a range of segments including commercial and industrial equipment, farm machinery, art, antiques and collectibles, collector cars and others. The company offers buyers and sellers a number of formats to safely transact including Timed Auction, Live Auction, Buy Now and Make Offer. Proxibid serves more than 3,000 sellers offering over USD3 billion in assets on its platform per year. The company's platform is differentiated by a world class technology suite, including MarketGuard, Proxibid's proprietary, bank-level fraud prevention capability.
