TechCrunch has reported that Toronto-based startup startup Shoplocket, a former Extreme Startups graduate, has been acquired by PCH International. The terms of the deal weren’t disclosed.
ShopLocket is a platform for hardware entrepreneurs looking to bring innovative products to consumers, specializing in ecommerce solutions from pre-orders to a full shopping cart. It can also be a handy tool for the post-Kickstarter purgatory that many hardware companies often go through, unable to fulfill orders like they could with a crowdfunding platform. Shoplocket’s pre-order sales platform makes this easier.
On their website, Shoplocket called PCH CEO Liam Casey and the PCH team “the perfect partners”. “We can’t wait to embark on the next phase of our journey together. Through our shared vision, we will be expanding the ShopLocket platform and creating a global community dedicated to supporting the hardware revolution,” wrote Shoplocket.
PCH recently launched its own Hardware accelerator, Highway1, and Casey told Techcrunch the new acquisition “closes the loop”.
Shoplocket continued that it’s joining an organization that is passionate about supporting entrepreneurs at every stage of their journey. “PCH is behind some of the most innovative hardware products in the world and over the coming months not only will you see the ShopLocket platform grow, but we plan to bring you more behind the scenes content covering the world’s most disruptive products,” wrote the company.
Previously ShopLocket raised a $1 million seed round in 2012 led by Rho Canada Ventures and Valar Ventures. BDC Capital, Relay Ventures, Extreme Venture Partners and a group of private investors also joined the round.