Company:Jungle Scout

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Short description: Company providing tools for e-commerce businesses


Jungle Scout
IndustryE-commerce, software services
FoundedFebruary 2015
FounderGreg Mercer
Headquarters
Texas
Number of employees
200[1]
ParentJS Operating Company[2]
Websitejunglescout.app

Jungle Scout is an American company providing SaaS-based tool for search and market analytics, inventory management and sales intelligence for companies selling on online marketplaces.[3]

Overview

Jungle Scout was started as a fully remote company in 2015 by Greg Mercer. The company initially sold optimizing search tools to sellers solely on Amazon.[3] Jungle Scout advertises management of e-commerce businesses.[1] The company was recognized as the Best Startup Employers in 2021 by Forbes magazine.[4]

The company settled with its headquarters in Austin, Texas in 2018 and has offices in Vancouver, British Columbia, and Shenzhen, China.[5]

Acquisition

Jungle Scout acquired Forecastly, a predictive analytics and demand forecasting tool for Amazon sellers, in 2018.[2] In March 2021, Jungle Scout raised $110 million in growth capital led by Summit Partners, part of which was used to acquire Seattle-based Downstream Impact, a company specializing in Amazon advertising technology.[3]

Technology

Jungle Scout processes data from more than 500 million Amazon products.[1] Its database tracks products from the Amazon catalog and the sales history of a product.[6][7] The company also conducts research to provide insights on Amazon sellers,[8] user buying preferences and behavior,[9] global imports,[10] and other merchandise.[11][12]

Jungle Scout is an invaluable tool for anyone looking to start or grow an ecommerce business. This powerful software unlocks all the benefits of researching, launching and scaling a successful online store.[13] With Jungle Scout you can quickly and easily assess market demand, identify valuable keywords, locate profitable suppliers, track competitors' pricing strategies and much more. By leveraging Jungle Scout's extensive feature set, businesses of any size can access the resources needed to succeed in this rapidly changing digital landscape.

References

  1. ↑ 1.0 1.1 1.2 Hawkins, Lori (March 4, 2021). "Austin e-commerce firm Jungle Scout raises $110 million to continue growth". Austin American-Statesman. https://www.statesman.com/story/business/2021/03/04/austin-e-commerce-firm-jungle-scout-raises-110-million-expansion/6913616002/. 
  2. ↑ 2.0 2.1 Cronin, Mike (March 4, 2021). "Austin startup Jungle Scout has new majority owner, plans to double headcount". Austin Business Journal. https://www.bizjournals.com/austin/news/2021/03/04/jungle-scout-summit-partners.html. 
  3. ↑ 3.0 3.1 3.2 Lunden, Ingrid (March 4, 2021). "Jungle Scout raises $110M, acquires Downstream Impact to help 3rd parties sell on marketplaces like Amazon". TechCrunch. https://techcrunch.com/2021/03/04/jungle-scout-raises-110m-acquires-downstream-impact-to-help-3rd-parties-sell-on-marketplaces-like-amazon/. 
  4. ↑ "America's Best Startup Employers 2021" (in en). https://www.forbes.com/americas-best-startup-employers/#3275b4036527. 
  5. ↑ Cronin, Mike (October 9, 2019). "Jungle Scout plants global HQ in East Austin". Austin Business Journal. https://www.bizjournals.com/austin/news/2019/10/09/jungle-scout-stakes-east-austin-claim-for-global-h.html?iana=hpmvp_aus_news_headline. 
  6. ↑ Martinez, Mel (25 June 2020). "Jungle Scout: Amazon's Answer to Product Research – Business Ideas". BusinessOpportunities.Biz. https://www.business-opportunities.biz/2020/06/25/jungle-scout-amazon-product-research/. 
  7. ↑ Rifilato, Tony (4 March 2021). "Amazon-Selling Platform Jungle Scout Raises $110 Million To Expand Beyond Amazon". AdExchanger. https://www.adexchanger.com/platforms/amazon-selling-platform-jungle-scout-raises-110-million-to-expand-beyond-amazon/. 
  8. ↑ Chan, Justin (22 March 2021). "Gen Zers Are Bragging About Making Upwards of $3 Million as Amazon Sellers. Is It Really That Easy?" (in en). Entrepreneur magazine. https://www.entrepreneur.com/article/367227. 
  9. ↑ Stein, Sanford (August 7, 2020). "Can Macy's Compete Against Poshmark, Instagram and Amazon with Shoppable Content and Social Selling?" (in en). Forbes magazine. https://www.forbes.com/sites/sanfordstein/2020/08/07/can-macys-compete-against-poshmark-instagram-and-amazon-with-shoppable-content-and-social-selling/?sh=2d2a3ced3a37. 
  10. ↑ Loeb, Walter (September 12, 2019). "Tariffs Are Starting To Hurt Sellers On Amazon" (in en). Forbes magazine. https://www.forbes.com/sites/walterloeb/2019/09/12/tariffs-are-starting-to-hurt-sellers-on-amazon/?sh=7f7dce1e7b31. 
  11. ↑ Picchi, Aimee (December 13, 2019). "Baby Yoda: Why you can't get the Star Wars toy for the holidays". CBS News. https://www.cbsnews.com/news/baby-yoda-mandalorian-official-toys-from-hasbro-now-available-but-wont-ship-until-may-2019-12-13/. 
  12. ↑ Top Rated Amazon Sellers on US Marketplace
  13. ↑ "All the benefits of Jungle Scout in 2023 - Review" (in en-US). 2022-04-14. https://mobileparadise.news/en/benefits-of-jungle-scout.html. 

External links




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