Jet

About

Jet operates an e-commerce platform that allows its member to shop online from various retailers.

Hoboken,New Jersey,United States
5001 - 10000
http://www.jet.com/

Highlights

Details

Last Funding Type: Series Unknown
Last Funding Money Raised: $350M
Industries: E-Commerce,Marketing,Retail,Retail Technology
Founded date: Apr 1, 2014
Number Of Employee: 5001 - 10000
Operating Status: Active
Legal Name: Jet.com, Inc
Also Known As: Jet.com

Jet operates a smart shopping platform that allows its member to shop online from various retailers. It enables users to shop products in various categories, such as household products, health and beauty, grocery, baby, pet supplies, electronics, home and furniture, appliances, patio and garden, toys and video games, books, music and movies, office products, automotive, sports and fitness, clothing, shoes and accessories, jewelry and watches, arts, and crafts and hobbies.

Mark Lore, Mike Hanrahan, and Nate Faust founded Jet in April 2014, with its headquarters in Hoboken in New Jersey. Jet operates as a subsidiary of Wal-Mart Stores as of September 19, 2016.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

5

$570M

Jet has raised a total of $570M in funding over 2 rounds. Their latest funding was raised on Nov 24, 2015 from a Series Unknown round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 24, 2015	Series Unknown	$350M	7	Fidelity	—	Detail
Feb 11, 2015	Series B	$140M	17	Bain Capital Ventures	—	Detail
Sep 16, 2014	Debt Financing	$5M	1	Silicon Valley Bank	—	Detail
Sep 16, 2014	Series A	$20M	1	Western Technology Investment	—	Detail
Jul 29, 2014	Series A	$55M	6	New Enterprise Associates	—	Detail

Investors

Number of Lead Investors

Number of Investors

5

21

Jet is funded by 21 investors. Fidelity and Western Technology Investment are the most recent investors.

Investor Name	Lead Investor	Funding Round
Fidelity	Yes	Series Unknown
Western Technology Investment	Yes	Series A
Alibaba Capital Partners	—	Series Unknown
Bain Capital Ventures	—	Series Unknown
Forerunner Ventures	—	Series Unknown
GV	—	Series Unknown
Norwest Venture Partners	—	Series Unknown
Palm Drive Capital	—	Series Unknown
Accel	—	Series B
Andrew Reid	—	Series B