Alibaba and Alphabet were among the investors in the round, which was raised at a $1bn pre-money valuation with verbal commitments for a further $150m.
US-based e-commerce company Jet.com has raised $350m in new funding at a $1bn pre-money valuation from investors including e-commerce group Alibaba and internet technology conglomerate Alphabet, Re/code reported yesterday.
The series C round was led by financial services firm Fidelity and also includes Bain Capital Ventures, the venture capital arm of private equity firm Bain Capital. Alphabet invested through its Google Ventures unit.
In addition to the funding received in the round, Jet has secured verbal agreements for another $150m,…
