When was Jet founded?

Jet was founded in 2014 and raised its 1st funding round within a year of its incorporation.

Where is Jet located?

Jet is headquartered in Hoboken, United States.

Who is the current CEO of Jet?

Marc Lore of Jet. They have also founded 8 companies and are angel investors in 6 startups, including Telosa and Mojo.

How many employees does Jet have?

As of Mar 31, 2026, the latest employee count at Jet is 1637.

Is Jet a funded company?

Jet is a funded company, having raised a total of $575M across 6 funding rounds to date. The company's 1st funding round was a $55M Series A round, raised on Jul 29, 2014.

How much is Jet worth?

The last known valuation of Jet was $1.35B as of Nov 30, 2015.

When was the latest funding round of Jet?

Jet's latest funding was a $350M Series C round on Nov 30, 2015, with participation from 5 investors. Its primary sector is Horizontal E-Commerce. In United States, the Horizontal E-Commerce sector has seen $529M in funding in 2026 to date.

Is Jet a Horizontal E-Commerce company?

The primary sector of Jet is Horizontal E-Commerce.

Where does Jet rank among its competitors?

Jet ranks 16th amongst 2520 active competitors, of which 57 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Etsy, which secured $650M in Jun, 2025.

Who are the top competitors of Jet?

Jet's top competitors include Amazon, Olx and eBay. Among them, Etsy secured the most recent funding round in June, 2025.

Jet - 2026 Company Profile, Team, Funding & Competitors

Jet is an acquired company based in Hoboken (United States), founded in 2014 by Mike Hanrahan, Marc Lore and Nathan Faust. It operates as a Retail giant offering savings on diverse products and convenient services. Jet has raised $575M in funding from investors like Bain Capital Ventures, Accel and Fidelity Investments, with last known valuation of $1.35B. The company has 2520 active competitors, including 57 funded and 69 that have exited. Its top competitors include companies like Amazon, Olx and eBay.

Sectors and market segments that Jet operate in

Jet serves in the Retail market segments.The primary business model of Jet is:

Retail > Horizontal E-Commerce > ***** **** > ***** ******

Company Details

Retail giant offering savings on diverse products and convenient services. The company provides a wide array of products, from everyday essentials and groceries to electronics, home goods, and apparel. It emphasizes affordability and strives to help customers save money. Services include pickup and delivery options for enhanced convenience. The business model focuses on both online and in-store shopping experiences, with features like account login, purchase history tracking, and subscription services. It also offers financial services, pharmacy services, and various programs like a membership program for added benefits. The company's commitment to accessibility and customer satisfaction is evident through its help resources, product recalls information, and feedback mechanisms. The platform includes features like cart, reorder options, and registries.

Key Metrics

Founded Year

2014

Location

Hoboken, United States

Stage

Acquired

Total Funding

$575M in 6 rounds

Latest Funding Round

Series C, Nov 30, 2015, $350M

Last Known Valuation

$1.35B as on Nov 30, 2015

Investors

Bain Capital Ventures & 26 more

Ranked

16^th among 2520 active competitors

Employee Count

1,637 as on Mar 31, 2026

Similar Companies

eBay & 12926 more

Exit Details

Acquired by Walmart (Sep 20, 2016)

View Jet's full profile

Jet got acquired by Walmart on Sep 20, 2016.

Click here to take a look at Jet's acquisition in detail

Jet has raised a total funding of $575M over 6 rounds. Its first funding round was on Jul 29, 2014. Its latest funding round was a Series C round on Nov 30, 2015 for $350M. 5 investors participated in its latest round. Jet has 27 institutional investors.

Here is the list of recent funding rounds of Jet:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 30, 2015	$350M	Series C	$1.35B	-	Fidelity Investments	Bain Capital Ventures, Alibaba, Google Ventures, Forerunner Ventures
Mar 16, 2015	$5M	Series B	-	-	-	-
Feb 25, 2015	$140M	Series B	$600M	-	Bain Capital Ventures	Accel, Goldman Sachs, Google Ventures, SVB, Thrive Capital, Coatue, General Catalyst, MentorTech Ventures, New Enterprise Associates, Temasek, Norwest

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View details of Jet's funding rounds and investors

The founders of Jet are Mike Hanrahan, Marc Lore and Nathan Faust.

Here are the details of Jet's key team members:

Mike Hanrahan: Former Co-Founder of Jet and founder of 1 other company. They are also an angel investor in 1 startup.
Marc Lore: Former Founder & CEO of Jet and founder of 12 other companies, including Telosa, Mojo and ThePit. They are also an angel investor in 6 startups and serve on the board of 1 company.
Nathan Faust: Former Co-Founder of Jet.

View details of Jet's Founder profiles and Board Members

Jet's employee count trend

Jet has 1,637 employees as of Mar 26. Here is Jet's employee count trend over the years:

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Top competitors of Jet include Amazon, Olx and eBay. Here is the list of Top 10 competitors of Jet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Amazon 1994, Seattle (United States), Public	Online marketplace and cloud computing provider	$8M	Kleiner Perkins, Madrona & 48 others	85/100
2nd	Olx 2006, Hoofddorp (Netherlands), Acquired	International online classifieds	$28.5M	DN Capital, Jaina Capital & 6 others	84/100
3rd	eBay 1995, San Jose (United States), Public	Online retailer of electronics, cars, fashion, collectibles, sports, and more	-	Elliott Management, Starboard Value & 10 others	79/100
4th	Etsy 2005, Dublin (Ireland), Public	Online marketplace offering multi-category products from independent designers	$98M	Accel, Union Square Ventures & 24 others	77/100
5th	Zulily 2009, Seattle (United States), Acquired	Online shopping platform using flash sales	$135M	Meritech, August Capital & 5 others	74/100
6th	Staples 1986, Framingham (United States), Acquired	Online retailer of office supplies, technology, print services, and furniture	-	Hud Exchange, HarbourVest Partners & 11 others	73/100
7th	FabFitfun 2010, Beverly Hills (United States), Series A	Online retailer offering subscription-based multi-category products	$94.6M	Kleiner Perkins, Upfront Ventures & 28 others	71/100
8th	Kogan 2006, Melbourne (Australia), Public	Online retailer offering multi-category products	-	-	71/100
9th	Groupon 2007, Chicago (United States), Public	Online marketplace offering deals on multi-category products and services	$980M	Techstars, SXE Ventures & 29 others	71/100
10th	Grove 2012, San Francisco (United States), Public	Online subscription-based platform providing cleaning products and beauty products	$527M	Glynn Capital, Lone Pine Capital & 45 others	69/100
16th	Jet 2014, Hoboken (United States), Acquired	Retail giant offering savings on diverse products and convenient services	$575M	Western Technology Investment, Dragon Global ... & 25 others	62/100