SnobSwap looks to expand online consignment platform with acquisition - Technical.ly DC

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Sep. 7, 2017 7:51 am

SnobSwap looks to expand online consignment platform with acquisition

The deal adds tech and team members from Masquerade, an ecommerce startup with University of Maryland roots.

SnobSwap is looking to help consignment shops sell online.

(Screenshot via SnobSwap)

Online consignment platform SnobSwap is adding technology from another D.C. ecommerce startup.

Masquerade, which was founded by University of Maryland alums, was acquired by SnobSwap, the companies said in a press release this week. Terms were not disclosed.

David Engle and Jackson Geller started Masquerade after meeting at the Startup Shell, which is the University of Maryland’s incubator. With the deal, they will join SnobSwap’s team.

Masquerade developed technology to sell apparel across multiple channels. It will be integrated into SnobSwap’s existing offerings, which provides a place for second-hand boutiques to sell online.

“We are excited to welcome the talented Masquerade team to the SnobSwap family to help accelerate growth for the company and online sales for our network of the best designer consignment and resale store partners around the globe,” said Elise Whang, founder of SnobSwap, in a statement.

SnobSwap previously raised a $1 million seed round in 2015.

 

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Stephen Babcock

Stephen Babcock is Market Editor for Technical.ly Baltimore and Technical.ly DC. A graduate of Northeastern University, he moved to Baltimore following stints in New Orleans and Rio Arriba County, New Mexico. His work has appeared in The New York Times, Baltimore Fishbowl, NOLA Defender, NOLA.com/The Times-Picayune and the Rio Grande Sun.

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