Around the Net
Commerce Startup Funding Reaches $80 Million
- TechCrunch, Thursday, September 18, 2014 1:20 PM
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.
