The round was 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, a leading 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.

Jungle Scout is the leading all-in-one platform for selling on Amazon, supporting more than $8 billion in annual Amazon revenue. Founded in 2015 as the first Amazon product research tool, Jungle Scout today features a full suite of best-in-class business management solutions and powerful market intelligence resources to help entrepreneurs and brands manage their ecommerce businesses. Jungle Scout is headquartered in Austin, Texas and supports 10 global Amazon marketplaces.