Fenwick & West represented Jet.com, Inc., a company focused on building a new e-commerce experience grounded in customer and merchant empowerment, in a $140 million financing. This new round was led by Bain Capital Ventures, with additional participation from Accel Partners, Coatue, General Catalyst, Goldman Sachs, Google Ventures, MentorTech Ventures, NEA, Norwest Venture Partners, Silicon Valley Bank, Temasek, Thrive Capital and other strategic investors.
The new round of funding will help the company accelerate their ability to deliver on their core promise of radical price innovation in e-commerce. More information about Jet.com’s $140 million financing can be obtained from the company blog.
The Fenwick transaction team was led by corporate partner Ted Wang and corporate associates Malcolm Katz and Neil Dugal.