Novel TMT Ventures returned for a $22.5m round that increased the excess inventory sales platform's overall funding to $36m.

US-based inventory sales platform developer InTurn has raised $22.5m in a series B round featuring Novel TMT Ventures, the corporate venturing arm of telecommunications firm Novel Group.

The round was led by B Capital Group and included fellow venture capital firms Forerunner Ventures and Lerer Hippeau Ventures, VC fund Beanstalk Ventures and investment vehicles Shuco and Benvolio Group.

Founded in 2013, InTurn operates an online marketplace where consumer goods producers and retailers can buy or sell excess inventory. The company…