Stord Raises $120M in Series D Funding

StordAnonymous AtlantaCompany, a cloud supply chain company based in Georgia, raised $120M in SeriesB funding

Now valued at roughly $1.3 billion, Stord recently crossed $200m in annualized revenue run-rate and has raised $325m in total funding. TheRound was led by Franklin TempletonParticipation from Sozo Ventures, Strike Capital137 VenturesAs well as existing investors Kleiner Perkins, Founders Fund, BOND, Susa Ventures, Dynamo Ventures, Lux Capital Salesforce Ventures.

TheThe company plans to use the funds for continued expansion of its capabilities in logistics and technology, as well as further building its industry-leading workforce.

LedCEO Sean Henry, StordProvides brands with an integrated platform that includes freight, fulfillment and warehousing. Packaging and parcel / last-mile delivery. This allows for full visibility and insight throughout their supply chains. TheCompany is adding additional orchestration and optimization capabilities to its software offering. Leading brands use it to manage their supply chains. Additionally, StordAn entirely new software product is being tested in order to improve operational efficiency in warehouse facilities. It can be used by customers, third-party and first-party.

InThe past six months Stord has: 

  • GrownHeadcount will rise to more than 700 and the company expects to close 2022, with more than 1,000 employees.
  • EnhancedIts e-commerce capabilities, and additional major brands included Thrasio, Native, Tula, JUDY, Curie, One Fresh Pillow to its customer roster
  • ExpandedPartnerships with enterprise customers Coca-Cola, BODYARMOR, Dollar General, Niagara Bottling
  • IncreasedIts warehouse network has more than 1000 facilities throughout the U.S.
  • ExpandedIts executive ranks, including the promotion Steve Swan as COO (formerly Amazon); Shyam Sundar as VP of Engineering (formerly Amazon, Zendesk, Mapbox); Sarah Feulner as VP of People (formerly Bumble); Mark Satisky as VP of Corporate Development(formerly NCR); Mario Paganini as VP of Marketing (formerly Shippo)
  • LaunchedIntegration with Salesforce to enable Commerce CloudCustomers can integrate their sales channels and retail partners with its cloud supply chain platform software platform.
  • BuiltIts cloud supply chain software platform offers greater order and inventory visibility, system connectivity, and business intelligence capabilities.

FinSMEs

10/05/2022

Leave a Comment