Jet.com’s Valuation Nears $600 Million Before Launch
Jet.com doesn’t plan to open its online store until this spring, but investors are already sold. The Journal reported Wednesday that the online marketplace closed $140 million in new funding, valuing it at nearly $600 million. Very few e-commerce startups, if any, have ever been valued at such heights ahead of a launch. The capital, in the form of convertible debt, gives the company about $220 million in total funding.
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