Jet.com raised a $618M Series A while operating with negative gross margins
Marc Lore · diapers.com: Marc Lore. The ecommerce visionary who lost to Amazon but still made billions (2021) · Mar 30, 2026 · at 1:00:24
Jet.com founder Marc Lore discusses raising large rounds of capital while operating at negative gross margins to take on Amazon.
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“But the real key was raising, we did a six hundred and eighteen million dollar Series A. So we'd raised some money before that, and then we had the six hundred million Series A. That was a really tough round to get done. That was, at that time, we had negative gross margins.”
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