The news: Ghost, a private B2B marketplace for surplus inventory, raised $40 million in Series C funding led by L Catterton. The company plans to use the funds to expand operations and aid development efforts.

• The marketplace has over 6,000 members, which include brands and retailers in categories such as apparel, footwear, beauty, and home goods.
• The platform aims to be a one-stop shop for brands to move excess goods to a vetted array of buyers from around the world that include off-price retailers, sellers on platforms such Poshmark and eBay, and creators that sell goods via livestreams.