Closes $240M in Funding

cart, an Austin, TX-based end-to-end Multichannel Management ecommerce platform provider, raised $240M in equity and debt funding.

The round was led by Legacy Knight Capital Partners, with participation from Citi Ventures, Visa and other Fortune 100 brands. J.P. Morgan and TriplePoint Capital provided the venture debt financing. When combined with prior funding rounds, has now secured $380M in capital to date.

The company intends to use the funds to continue its strategy of acquire, accelerate growth and expand operations.

Led by CEO Omair Tariq, offers a platform that can help sellers of all sizes grow their commerce and become digital via existing streamlined capabilities in marketing, fulfillment, storefront management, and analytics. The company recently made acquisitions of FB Flurry, a tech-driven DTC and B2B fulfillment and customer care provider, and SellerActive, a provider of SaaS multichannel ecommerce tools.