Investments, News

Ebay acquires online marketplace Bureau of Trade

ebay-bureau-tradeeBay on Friday has announced that the company has acquired men’s marketplace ‘Bureau of Trade’, the terms of the deal however have been kept undisclosed at this stage. Following the acquisition, its founder Michael Phillips Moskowitz will join eBay Marketplaces team and help the company improve its personalization efforts to make the overall experience more favorable for buyers and sellers.

According to eBay, it has recently enhanced its homepage and unveiled a more personal way to shop on the site. To further improve the shopping experience, Moskowitz will share his expertise and help eBay’s large user base discover items that match their individual tastes and preferences.

Bureau of Trade is an online curated marketplace for men’s shopping. The portal offers a catalog filled with a large number of unique items with a large collection of pre owned items – sourced from collectors, shoppers, brick-and-mortar merchants, antique dealers and other from sources. Unlike most of the other marketplaces, Bureau of Trade does not deal in one niche category but rather maintains an inventory on a variety of products ranging from Classic cars to vintage chronographs, petrified lightning to furniture, literature to clothing, accessories and more.

Prior to founding Bureau of Trade, Moskowitz worked at Palo Alto, California-based design firm IDEO and co-founded the menswear label Gytha Mander and TODO Monthly magazine.

“As an influential tastemaker, Michael is perfectly poised to further eBay’s mission of connecting shoppers to the things they need and love,” says Richelle Parham, Chief Marketing Officer for eBay North America.

The startup earlier raised $1.2 million in seed funding in 2012. The round was led by Foundation Capital, with contributions from Founder Collective, FF Angel among others.

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