Etsy, 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, plans to continue to bring indie electronics from designers and makers all over the world at grandst.com, as well as to launch new features. The site and the user experience won’t change in the near term.