menu
177 Huntington Ave,
16th Floor Boston, MA 02115
+1 617 830 2100
Volition
Jan 18, 2017

Chewy.com, a Fast-Growing Ecommerce Company, Plans to Hire 200 in Boston

Read the full article here.

 

Chewy.com — one of the fastest growing private ecommerce companies in the United States, according to a recent feature by Forbes —  is opening an office in Boston with plans to hire 200 people.

BOSTON IS AN AMAZING TECHNOLOGY HUB AND STARTUP HUB, WITH DOZENS OF UNIVERSITIES.

Ryan Cohen, CEO and founder of Chewy, told The Boston Globe that the online pet supplies retailer already has a small team working out of a temporary office, and it will eventually move into a 20,000-square-foot space. The company is initially looking to make hires in recruiting, design and software development. One of its early local hires is former DataXu Director of Engineering Mike Surilov.

“Boston is an amazing technology hub and startup hub, with dozens of universities,” Cohen told the Globe, adding that he chose the city after looking at “all of the major U.S. cities.”

Beyond that, Chewy’s other local connection is Volition Capital, a Boston-based growth equity firm focusing on mostly bootstrapped ventures that became Chewy’s first investor with a $15 million round. Formed by the former Fidelity Ventures leadership team, Volition last summer raised a $250 million fund, its third and largest yet.

A Seattle Tech Company Plans to Hire 140 in Boston

“We’re fundamentally challenging the notion that you have to take on more risk to have outsize returns,” Larry Cheng, Volition’s managing partner, told me at the time, speaking about the firm’s strategy of seeking fast-growing companies that have raised little to no venture capital.

Cohen didn’t have any luck with VC firms when Chewy was in its early days, according to the recently published feature in Forbes. After failing to even get past the reception desks of six VC firms, Cohen eventually met Cheng, who was impressed with Chewy’s growth metrics and eventually had Volition invest its $15 million. Other investors followed, including T. Rowe Price and BlackRock, bringing Chewy’s total funding to more than $200 million.

Cohen told Forbes that Chewy is now on track for $900 million in revenue for 2016 and more than $1.5 billion for 2017. Headquartered in Dania Beach, Fla., the company has approximately 4,000 employees.

Similar Articles
  • Volition
    Funding Announcement
    Arteza Raises $24m Series A With Volition Capital; Achieves 10x Revenue Growth Over Two Years
    Read Press Release  High growth consumer brand is disrupting the multi-billion dollar art supplies industry by providing well designed and affordable products direct-to-consumer MIAMI (PRWEB) NOVEMBER 26, 2019 Arteza, the leading direct-to-consumer arts and crafts supplies company, today announced it has raised $24 million in Series A funding from growth equity firm Volition Capital. The company’s revenue growth … Continued
    Read more
  • Volition
    Founder Stories
    Chewy.com Co-Founder, Ryan Cohen, on What Makes a Great Investor Relationship [VIDEO]
    Chewy.com Co-Founder, Ryan Cohen, and Volition Capital Managing Partner, Larry Cheng, sit down and discuss what makes a great investor – and a great investor relationship. Learn more about the whole story behind Chewy.com in our behind-the-scenes case study. 
    Read more