Stord Inc., a logistics technology startup, raises $250 million in a new funding round to expand its fulfillment operations and help independent merchants compete with Amazon.com. The funding is described as a Series F round, which expands the company’s ability to support brands with inventory management and fulfillment services designed to improve shipping speed. Bloomberg reports the round is intended to bolster Stord’s logistics capabilities so retailers can better match Amazon’s delivery performance. The Next Web adds that the round values Stord at about $3 billion and that it is led by Strike Capital, with participation from investors including Founders Fund, Kleiner Perkins, Franklin Templeton, Baillie Gifford, G Squared, and Bond. Together, the reports indicate that the company is using the new capital to scale its fulfillment infrastructure and services for retailers seeking alternatives to major marketplace shipping. The sources also agree that the round increases Stord’s valuation and reflects investor interest in logistics technology aimed at e-commerce brands.
Stord raises $250 million to expand fulfillment services for retailers
Stord Inc., a logistics technology startup, raises $250 million in a new funding round to expand its fulfillment operations and help independent merchants compete with Amazon.com. The funding is descr...
- Stord raises $250 million in a new funding round to expand its fulfillment operations.
- The funding round is described as a Series F.
- Stord is positioned as logistics technology for retailers, including inventory and fulfillment support.
- The new funding is aimed at helping independent brands compete with Amazon’s shipping speed.
- The round is led by Strike Capital, with participation from multiple listed investors.
Stord, a logistics technology company that helps retailers manage inventory, checkout, and fulfillment, has raised $250 million in a Series F round that values the company at $3 billion. The round was led by Strike Capital with participation from Founders Fund, Kleiner Perkins, Franklin Templeton, Baillie Gifford, G Squared, and Bond. The funding doubles Stord’s valuation […] This story continues at The Next Web
2 months agoStord Inc., a logistics technology startup, raised $250 million in a new funding round to expand its fulfillment operation and help merchants better compete with Amazon.com Inc.
3 months ago
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