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Commerce Startup Funding Reaches $80 Million

In less than a year after leaving Amazon, Quidsi co-founder Marc Lore began work on a new startup called Jet.com. Today, the company is officially announcing it has raised an additional $20 million in growth capital from Western Technology Investments, and a $5 million asset-backed facility from Silicon Valley Bank, bringing its Series A round to a total of $80 million at its close. Previously, Jet.com had raised $55 million from NEA with participation from  Accel Partners, Bain Capital Ventures and MentorTech Ventures.

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