Online Boutique Jane Raises $40M Series A

in People

Online marketplace Jane has raised a $40 million Series A from Tritium Partners, the company announced Tuesday.

Jane’s boutique marketplace allows small business owners to sell clothing, accessories, shoes and home decor to buyers across the country. The company has more than 3,000 sellers on its platform.

Lehi, Utah-based Jane’s fundraise isn’t a typical Series A. Most Series A raises are for small startups who are just finding their footing, whereas Jane was founded in 2011 and is expected to generate $250 million in sales this year.

“It was just our time to tell our story and get out there,” CEO Taleeb Noormohamed said in an interview with Crunchbase News, noting that the round wasn’t exactly a private-equity or venture capital round. The company has seen its growth accelerate too, growing 82 percent in the first half of the year.

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