Avelle Raises $1M, Bonanza Rolls Out Bags Marketplace

Seattle-based Avelle (formerly known as Bag Borrow or Steal), has raised $1 million in debt financing, according to a regulatory filing. Founded in April 2004, Avelle, known as the “Netflix for handbags,” offers members the ability to rent high-end bags and jewelry from over 3,000 designer labels for a small monthly fee. This deal comes on the same day as Seattle-based online marketplace Bonanaza (formerly Bonanzle) rolled out its first specialty store, BagsBonanza, which will features more than 20,000 handbags and custom fashion items for sale.

Trending on Xconomy

By posting a comment, you agree to our terms and conditions.

Comments are closed.