Etsy Acquires Grand St.

grandstEtsy, the e-commerce giant focused on handmade or vintage items, supplies, as well as unique factory-manufactured items, agreed to acquire New York City-based Grand St., a marketplace for creative technology.

The amount of the transaction, which is still subject to closing conditions, was not disclosed.

Co-founded by Amanda Peyton, Joe Lallouz and Aaron Henshaw, Grand St. is marketplace for new electronic devices. The team, every day, choose a new product to highlight, which gets posted to the website and emailed to users.

The company, which had raised $1.3m in seed funding (read here) in 2013,┬áplans to continue to bring indie electronics from designers and makers all over the world at grandst.com, as well as to launch new features.┬áThe site and the user experience won’t change in the near term.

FinSMEs

23/04/2014

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