BtoB gets $22 million in venture capital

Published on .

Ardsley,, a Web site designed for businesses selling their surplus goods to other companies, announced Monday it has secured $22 million in venture capital from Benchmark Capital, eBay and Morgan Stanley Dean Witter. As part of the agreement, Meg Whitman, president-CEO of eBay, and Bill Gurley and David Beirne of Benchmark Capital will join's board. "With a critical first-mover advantage and a superstar team behind it, has the opportunity to lead b-to-b auctions like eBay did with the person-to-person market," Mr. Beirne said in a statement. The Greco Ethridge Group, New York, is the agency of record for
Most Popular
In this article: