Around the Net Founder Readies Next Ecommerce Venture

  • Re/code, Wednesday, July 30, 2014 11:44 AM
Marc Lore, founder and CEO of (which he sold to Amazon in 2011), just raised $55 million for a new ecommerce venture named Jet. “The investment is being led by New Enterprise Associates, with additional investment from Accel Partners, Bain Capital Ventures and MentorTech Ventures,” Re/Code reports.  “Many of the details of the products Jet will sell remain a mystery … But sources say the e-commerce company will be extremely tech-focused and is working on innovating around its logistics network.”

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