Stord, an Atlanta, GA-based cloud supply chain company, raised $90m in Series D funding.
The round was led by Kleiner Perkins, with participation from Lux Capital, D1 Capital and Palm Tree Crew, and existing investors BOND, Dynamo Ventures, Founders Fund, Lineage Logistics, and Susa Ventures. In conjunction with the funding, Michael Rubin, Fanatics founder and founder of GSI Commerce, Carlos Cashman, CEO of Thrasio, Max Mullen, co-founder of Instacart and Will Gaybrick, CPO at Stripe, joined Stord’s round. The new funding values the company at $1.1 billion.
Along with the funding, Stord also announced the closing of its acquisition of Fulfillment Works, a DTC fulfillment provider.
Fulfillment Works’ whole team will join Stord. With Fulfillment Works, Stord provides specialized, first-party capacity, which, when combined with its network of hundreds of warehouse partners, offers businesses the most powerful supply chain network on the market. Fulfillment Works’ customers will now have access to Stord’s supply chain software and end-to-end logistics, and Stord will now use Fulfillment Works’ facilities to provide additional control and deep customer service in key regions.
Led by Sean Henry, CEO, and Jacob Boudreau, CTO, Stord provides a cloud supply chain that enables companies to compete and grow with improved logistics – including warehousing, freight and fulfillment – in a single, integrated platform. Hundreds of B2B and B2C companies like BodyArmor, Advance Auto Parts and Dollar General already use it.