Amazon Rival Jet.com Gets Investment That Values It at $600 Million
Jet.com, a soon-to-start online marketplace that aims to loosen Amazon's grip on e-commerce, said Wednesday that it had raised $140 million in a new round of funding.
The investment, led by Bain Capital Ventures, values the company at almost $600 million, according to people briefed on the funding round - an unusually high valuation for a start-up that has not yet opened for business.
Other venture capital investors, including Accel Partners, General Catalyst Partners, Goldman Sachs and Google Ventures, also participated in the funding, which follows earlier investment rounds totaling $80 million.
- Companies:
- Amazon.com
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%0D%0A%20%20The%20investment,%20led%20by%20Bain%20Capital%20Ventures,%20values%20the%20company%20at%20almost%20$600%20million,%20according%20to%20people%20briefed%20on%20the%20funding%20round%20-%20an%20unusually%20high%20valuation%20for%20a%20start-up%20that%20has%20not%20yet%20opened%20for%20business.%0D%0A<%2Fp>%0D%0A
%0D%0A%20%20Other%20venture%20capital%20investors,%20including%20Accel%20Partners,%20General%20Catalyst%20Partners,%20Goldman%20Sachs<%2Fa>%20and%20Google%20Ventures,%20also%20participated%20in%20the%20funding,%20which%20follows%20earlier%20investment%20rounds%20totaling%20$80%20million.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.bookbusinessmag.com%2Faggregatedcontent%2Famazon-rival-jetcom-gets-investment-that-values-it-600-million%2F" target="_blank" class="email" data-post-id="17275" type="icon_link">
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