Jungle Scout, an all-in-one platform for selling on Amazon, has raised $110 million in growth capital, led by Summit Partners and Jungle Scout Founder & CEO Greg Mercer.
The capital supports Jungle Scout’s continued growth as the company expands its technology suite with the acquisition of Seattle-based Downstream Impact, an Amazon advertising tech company, extends its SaaS platform to support Walmart, and continues to scale its capabilities in advertising and full-scale ecommerce brand management.
“As an Amazon seller myself, I started Jungle Scout in 2015 to help other entrepreneurs find financial freedom on Amazon. We’ve grown profitably since day one, and we believe the opportunity only continues to grow,” said Mercer. “Since 2015, we’ve worked to expand our product capabilities to help businesses manage every step of their selling journey from product research to launching and scaling their business ventures. Today, Jungle Scout serves a global customer base of entrepreneurs and brands focused on building a business on Amazon and beyond. We’re continuing to deliver on our mission to empower the world’s brands with essential insights to understand and sell in the evolving ecommerce marketplace.”
Founded in 1984, Summit Partners is a global alternative investment firm that is currently managing more than $23 billion in capital dedicated to growth equity, fixed income and public equity opportunities. Summit invests across growth sectors of the economy and has invested in more than 500 companies in technology, healthcare and other growth industries. Summit has partnered with more than 30 companies across the e-commerce and consumer landscape. Summit maintains offices in North America and Europe and invests in companies around the world.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.