PCH International buys VC-backed e-commerce platform ShopLocket
Toronto-based e-commerce platform ShopLocket Inc has been bought for an undisclosed amount by PCH International, a seller of product development and supply chain management services with headquarters in Cork, Ireland. According to PCH, the deal establishes the first end-to-end service offering that helps startups to create, develop, manufacture and sell hardware products directly to consumers. ShopLocket's acquisition provides exits to Canadian and U.S. venture capital firms that provided the company with $1 million in seed financing in 2012. These include deal leaders Rho Canada Ventures and Valar Ventures, as well as BDC Venture Capital, Extreme Venture Partners and Relay Ventures. Founded in 2011, ShopLocket was a graduate of the acceleration program of Extreme Startups.
