Stord Raises $120 Million As Brands Embrace Cloud Supply Chain To Replace Legacy Logistics Solutions And Disconnected Technologies
Stord Raises $120 Million As Brands Embrace Cloud Supply Chain To Replace Legacy Logistics Solutions And Disconnected Technologies
05/10/22, 8:07 AM
Location
Money raised
$120 million
Stord, the cloud supply chain leader, announced today that it has raised an additional $120 million in Series D financing led by Franklin Templeton, bringing the total round to $210 million. Now valued at roughly $1.3 billion, Stord recently crossed $200 million in annualized revenue run-rate and has raised $325 million in total funding. Participants across the entire Series D financing included new investors Sozo Ventures, Strike Capital and 137 Ventures, along with existing investors Kleiner Perkins, Founders Fund, BOND, Susa Ventures, Dynamo Ventures, Lux Capital and Salesforce Ventures.
Company Info
Location
atlanta, georgia, united states
Additional Info
With FulfillmentWorks, the company says it has increased its first-party warehouses, coupled with its network of over 400 warehouse partners and 15,000 carriers. We want every company to have world-class, Prime-like supply chains. This time, Stord has raised $90 million in a Series D round of funding at a post-money valuation of $1.125 billion — more than double the $510 million that the company was valued at when raising $65 million in a Series C financing just six months ago.