Jet.com brings in $350M investment led by Fidelity
November 30, 2015
Jet.com has raised $350 million in a round led by Fidelity Investments that values it at $1.4 billion; the company also said it has another $150 million in commitments on the way. Founded just last year, the company provides users with discounted items and raises the savings the more someone purchases by leveraging its logistics infrastructure. Jet.com was founded by Marc Lore, who sold his previous ecommerce startup, Quidsi, to Amazon in 2010. Previously, Jet.com secured a $140 million round in February from a group of investors that include Accel Partners, Google Ventures and New Enterprise Associates.