Jungle Scout (company)
 | This article's tone or style may not reflect the encyclopedic tone used on Wikipedia. (July 2023) |
| Industry | E-commerce, software services |
|---|---|
| Founded | February 2015 |
| Founder | Greg Mercer |
| Headquarters | |
Number of employees | 200[1] |
| Parent | JS Operating Company[2] |
| Website | junglescout.com |
Jungle Scout is an American company providing SaaS-based tools for search and market analytics, inventory management, and sales intelligence for companies selling in online marketplaces.[3]
Overview
[edit]Jungle Scout was started in 2015 by Greg Mercer. The company initially sold search optimizing 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 established its headquarters in Austin, Texas in 2018 and has offices in Vancouver, British Columbia, and Shenzhen, China.[5]
Acquisition
[edit]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
[edit]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, behavior,[9] global imports,[10] and other merchandise.[11][12]
Jungle Scout can help assess market demand,[13] identify valuable keywords, locate profitable suppliers, track competitors' pricing strategies and much more.[14] By leveraging Jungle Scout's feature set, businesses of any size can access the resources needed to succeed in this rapidly changing digital landscape.
References
[edit]- ^ a b c Hawkins, Lori (March 4, 2021). "Austin e-commerce firm Jungle Scout raises $110 million to continue growth". Austin American-Statesman.
- ^ a b Cronin, Mike (March 4, 2021). "Austin startup Jungle Scout has new majority owner, plans to double headcount". Austin Business Journal.
- ^ a b c Lunden, Ingrid (March 4, 2021). "Jungle Scout raises $110M, acquires Downstream Impact to help 3rd parties sell on marketplaces like Amazon". TechCrunch.
- ^ "America's Best Startup Employers 2021". Forbes magazine.
- ^ Cronin, Mike (October 9, 2019). "Jungle Scout plants global HQ in East Austin". Austin Business Journal.
- ^ Martinez, Mel (25 June 2020). "Jungle Scout: Amazon's Answer to Product Research – Business Ideas". BusinessOpportunities.Biz.
- ^ Rifilato, Tony (4 March 2021). "Amazon-Selling Platform Jungle Scout Raises $110 Million To Expand Beyond Amazon". AdExchanger.
- ^ Chan, Justin (22 March 2021). "Gen Zers Are Bragging About Making Upwards of $3 Million as Amazon Sellers. Is It Really That Easy?". Entrepreneur magazine.
- ^ Stein, Sanford (August 7, 2020). "Can Macy's Compete Against Poshmark, Instagram and Amazon with Shoppable Content and Social Selling?". Forbes magazine.
- ^ Loeb, Walter (September 12, 2019). "Tariffs Are Starting To Hurt Sellers On Amazon". Forbes magazine.
- ^ Picchi, Aimee (December 13, 2019). "Baby Yoda: Why you can't get the Star Wars toy for the holidays". CBS News.
- ^ Top Rated Amazon Sellers on US Marketplace
- ^ Jordi, Ordónez. "JUNGLE SCOUT 🏆 80% discount + review (2024)".
- ^ Jordi, Ordóñez. "How to Find Trending Products to Sell Using Jungle Scout and Exploding Topics". Jungle Scout.