The plot to overthrow Amazon continues.
For a second time, MentorTech Ventures joined a slurry of high-profile venture firms investing in Amazon competitor Jet. Jet just closed a $140 million round, according to to a blog post by founder (and Penn grad) Marc Lore. The round was led by Bain Capital Ventures. That’s on top of the $55 million Jet raised last August, which MentorTech also participated in.
“This extra capital will help us accelerate our ability to deliver on our core promise of radical price innovation in e-commerce,” Lore’s blog post reads.
MentorTech is a venture firm based in University City that invests exclusively in Penn alumni.
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
The person charged in the UnitedHealthcare CEO shooting had a ton of tech connections
From rejection to innovation: How I built a tool to beat AI hiring algorithms at their own game
Where are the country’s most vibrant tech and startup communities?
