Etsy announced today that it has acquired a French company called A Little Market, a Paris-based online marketplace for handmade items. Though terms of the deal were undisclosed, Etsy says that this is its “sixth and largest acquisition to date.” A Little Market will continue to operate independently.
Previous acquisitions by Etsy, which has received $97.3 million in funding so far from Accel Partners, Union Square Ventures, and other investors, have included Trunkt, which specializes in selling artisanal goods wholesale; digital advertising company Adtuitive; and Etsy Lovers.
One of Etsy’s previous founding rounds, in which it raised $40 million led by Index Ventures in May 2012, was earmarked specifically for international expansion. In its A Little Market announcement, Etsy, which currently claims more than 40 million members, said at least 25% of its orders are shipped internationally.
“As we’ve focused on international growth, capitalizing on the strongest economies in the world has been a top priority. France is the fifth largest economy and seventh largest e-commerce market globally, and it is Etsy’s strongest non-English market,” the company said in a statement.
It added that its business in France is more than 90% import/export and that Little Market, where most goods are sold domestically, will complement its existing business.