SnobSwap looks to expand online consignment platform with acquisition

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.