Stord, an Atlanta, GA-based company delivering a cloud supply chain for retailers and ecommerce brands, raised $65m in Series C funding.
The round was led by Bond, which was joined by Lineage Logistics, Salesforce Ventures, and existing investors Dynamo Ventures, Founders Fund, and Susa Ventures.
The company intends to use the funds to continue to build its technology platform and logistics infrastructure.
Led by Sean Henry, co-founder and CEO, Stord is a logistics network that is giving brands a cloud-powered distribution solution to deliver products to consumers faster and more efficiently than they can on their own. Its software platform is connected to an end-to-end logistics network of more than 500 warehouses and over 20,000 carriers that are within 100 miles of more than 95 percent of the US population. Brands like Tyson Foods, Schneider Electric, and Dollar General already use Stord.
This year, the company expects to more than double its 2020 revenue and continue to expand its team.
FinSMEs
31/03/2021