Capital One Acquires Lux eCommerce Company

Brytanie Killebrew

By on 06/19/19

Capital One Acquires Lux eCommerce Company

Big news from the (literal) purpose.jobs fam. Our brother('s) company was just acquired by Capital One!

Let us explain...

Our founder, Ryan Landau, has a really cool brother, Andrew Landau. Andrew has made awesome strides across the Detroit startup and entrepreneurial community, including the acquisition of his latest company, Jewel

 

So, what's Jewel?

Jewel is a Detroit-based eCommerce startup that offers cash-back or rebates to online customers in search of luxury products. Users can shop Jewel's collection of luxury and high-end apparel, accessories and home goods, while also earning cash rebates between 2%-35%.

 

Tell me more about that acquisition...

Of course, let's get straight to it. Jewel was acquired by Capital One earlier this month. The VP of Capital One, Walt Roloson, shared that both brands "have a shared goal of providing simple, straightforward digital tools that can help consumers effortlessly save time and money." 

 

What comes next?

While the details and terms of the transaction were not shared, Jewel plans to expand the team and is currently looking to hire across engineering and marketing. Interested? Get started here

 

More on Jewel 

Founder & CEO: Andrew Landau

Industry: eCommerce

Team Size: 12

Number of Offices: 1

Location: Detroit

Funding Rounds: 1

 

That's pretty exciting.

Yeah, we think so too. We're proud to be part of a community of emerging and successful Detroit entrepreneurs and startups. There is so much talent and innovation across east Michigan and we're honored to be part of the ecosystem. 

Congrats Jewel team on the exciting news! If you're interested in joining their team, take your first step here.

 

 

Looking for a startup job at great companies like Jewel? We can help 👇

Have cool news of your own to share? Let us know! Reach out to Lauren at lauren@purpose.jobs for a shoutout.

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