Bureau of Trade Bags $1.2M in Seed Funding
Site Offers Men Unique Pre-Owned Items
New online men’s shopping marketplace Bureau of Trade has announced $1.2 million in seed funding. The round was led by Foundation Capital, along with Founder Collective, Founders Fund and other angels. The news doesn’t stop there, the site also launches into public beta today!
Bureau of Trade is a great concept, because like many other sites that are mostly geared towards women, it gives men an exclusive selection of products. This concept comes at the perfect time as more men are starting to shop and search for more unique items. Currently spending in the men’s accessory market is estimate be just over $6 billion (according to the market research firm NPD Group).
The funding will be used to expand the Bureau of Trade team and to continue product development.
Bureau of Trade is a shopping and discovery experience for men–a unique blend of media and commerce working in service of a vision called Transactional Entertainment. With venture backing from Foundation Capital, Founder Collective, and Founders Fund, the BUREAU is dedicated to finding, curating, and selling affordable rarities from around the globe. Classic cars and vintage chronographs. Mummy cartonage, petrified lightning, furniture, literature, LPs, and more. Not just products, but truly narrative merchandise. Everything a man wants or needs to present a more complete and compelling portrait of themselves, and their real values.
By Lolita A. Alford