Stord, an Atlanta, GA-based provider of freight and warehousing services, raised $12.3m in series A funding.
The round was led by Kleiner Perkins, with participation from Susa Ventures, Dynamo, Revolution’s Rise of the Rest Seed Fund, Engage, Chris Klaus and Tom Noonan. In conjunction with the funding, Kleiner Perkins partner Ilya Fushman will join Stord’s board.
The company intends to use the funds to expand to new markets and develop its platform integration capabilities.
Co-founded in 2015 by CEO Sean Henry and CTO Jacob Boudreau, Stord provides shippers with a cloud-based warehousing and distribution solution which leverages a nationwide network of 3PL partners, software, and people. The system gives companies of all sizes warehousing and freight coverage, real-time inventory visibility, and operations support to grow and adapt to change.