Bonanzle gets easier to spell - hello Bonanza.com
Seattle's Bonanzle announced today that it has acquired 1000 Markets - one of the premier marketplaces for artisan merchandise - and is changing its name to Bonanza. Bonanza CEO had this to say about today's big news:
“We think this is an amazing triple play. First, we’re adding the tremendous stores and shoppers of 1000 Markets to our family. Second, we’re bringing a dynamic new design to the site that makes it even easier to list and buy the kind of delightful and unique merchandise both companies have always been known for. And third, we’re branding it with a household word that not only speaks to the bounty of opportunities to be found, but is also easier to remember and spell.”
Bonanza is an online marketplace focused on unique items that is reflective of the real world shopping experience at a street fair. Working from virtual booths, merchants sell a wide variety of products ranging from old coins and antiques to handbags and candles.
1000 Markets (also from Seattle) complements Bonanza’s existing stores with its specialty in handcrafted artisan goods, ranging from jewelry and art to home and garden items. Its outstanding sellers and inventory have garnered praise from luminaries such as Oprah, Real Simple, and Good Morning America.
Founded in 2008, Bonanza has quickly become one of the most popular social commerce sites on the Internet. At present, Bonanza has more than two million monthly visitors, 300,000 registered users and more than 3.4 million items for sale across its array of storefronts.
Earlier this year, Bonanza raised $1 million in funding from a group of prominent investors, including Ignition Partners, Voyager Capital, Founder’s Co-op and Curious Office Partners, all of Seattle, and Matrix Partners of Silicon Valley. 1000 Markets raised $500,000 in funding last year from a similarly prominent group, including Founder’s Fund and True Ventures.
