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Commerce Venture Raises $50 Million

  • Forbes, Monday, August 10, 2015 12:30 PM

The man who built brick-and-mortar stores is back at it again. On Wednesday, former Apple executive and J.C. Penney chief Ron Johnson and his new online retailing company Enjoy Technology announced that they had secured $50 million in a round of funding led by Highland Capital. The company did not disclose its valuation following the round, only noting that it had raised about $80 million to date.

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