Total amount raised
$325 Millions
Latest funding date
05/01/2022
Location
Stord has successfully raised funding through multiple rounds, with its latest being a Series D. The company is backed by 30 investors, including prominent names like Lux Capital and Sozo Ventures.
Keep reading to explore the intricacies of Stord's fundraising journey and the investors backing this innovative platform.
What Is Stord?
Stord, founded in October 2015 by Jacob Boudreau and Sean Henry, is headquartered in Atlanta, Georgia. The company specializes in providing integrated software and omnichannel fulfillment solutions for e-commerce and B2B brands. With a workforce of 1001-5000 employees, Stord powers seamless checkout and delivery experiences for brands across all channels.
How Much Funding Has Stord Raised?
- Seed Round
- Amount Raised: $2.6M
- Date: April 2018
- Lead Investors: Dynamo, Susa Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their cloud-based logistics platform and establish a market presence.
- Series A
- Amount Raised: $12.4M
- Date: April 2019
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their logistics network and enhance their technology platform.
- Series B
- Amount Raised: $35M
- Date: December 2020
- Lead Investors: Founders Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and meet the growing demand for e-commerce logistics solutions.
- Series C
- Amount Raised: $65M
- Date: March 2021
- Lead Investors: Bond
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand their logistics capabilities and enhance their software platform.
- Series D
- Amount Raised: $90M
- Date: September 2021
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand their logistics network.
- Series D
- Amount Raised: $120M
- Date: May 2022
- Lead Investors: Franklin Templeton
- Valuation at Round: $1.3 billion
- Motivation Behind the Round: To address the evolving supply chain infrastructure and meet modern customer expectations.
Total Amount Raised: $325M. Current Valuation: $1.3 billion.
Key Investors
- Franklin Templeton
- Details: Franklin Templeton is a global investment management organization known for its expertise in equity, fixed income, alternatives, and multi-asset solutions. The firm led Stord's $120 million Series D financing round.
- Investment Focus Areas: Equity, fixed income, alternatives, multi-asset solutions.
- Notable Investments: Technology, healthcare, financial services.
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm that specializes in investing in early-stage and growth companies in various sectors including technology and life sciences. The firm has been a consistent investor in Stord, participating in multiple funding rounds.
- Investment Focus Areas: Technology, life sciences, clean technology.
- Notable Investments: Google, Amazon, Twitter.
- Founders Fund
- Details: Founders Fund is a venture capital firm that invests in companies across all stages and sectors, known for its focus on technology and innovation. The firm has backed Stord in several funding rounds.
- Investment Focus Areas: Technology, innovation.
- Notable Investments: Facebook, SpaceX, Airbnb.
- Bond
- Details: Bond is a venture capital firm that invests in growth-stage technology companies. The firm participated in Stord's Series D round.
- Investment Focus Areas: Growth-stage technology companies.
- Notable Investments: Stripe, DoorDash, Canva.
- Susa Ventures
- Details: Susa Ventures is a venture capital firm that focuses on investing in early-stage technology companies. The firm has been an investor in Stord since its early rounds.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Robinhood, Flexport, Andela.
What's Next for Stord?
Stord stands at the cusp of significant growth, driven by the increasing demand for integrated supply-chain solutions. With a cloud-based platform that combines freight, warehousing, and fulfillment services, the company is well-positioned to help businesses compete with giants like Amazon. The recent $120 million funding round, which brought their valuation to $1.3 billion, underscores the vast opportunities ahead.
Future fundraising seems promising as Stord continues to attract investor interest, thanks to its rapid growth and market demand. However, the company will need to navigate challenges such as scaling operations efficiently and managing supply chain disruptions. The evolving logistics landscape presents both opportunities and hurdles, but Stord's innovative approach and robust platform offer a strong foundation for future success.
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