Fast-growing e-commerce logistics specialist Stord announced Tuesday it has raised $250 million in late-stage venture capital funding that values the company at $3 billion and will be used for rapid development of artificial intelligence and robotics technology so smaller brands…
n better compete with retail giants like Amazon. The Series F funding round brings the total amount raised by Stord since its 2015 founding to more than $775 million, doubling the company’s value in 12 months
The large funding round was led by Strike Capital, along with other existing investors, and could mean the company is preparing for an initial public offering. Stord manages e-commerce inventory for more than 1,000 customers, primarily small-to-medium direct-to-consumer merchants like AGI, True Classic, and Native, but also enterprise-level clients. Services include online checkout, fulfillment, last-mile delivery and returns, with a technology platform that manages inventory, order processing, warehouse pick-and-pack and parcel carrier selection.
The company has made eight acquisitions in the past six years — a large number for a startup — including Ware2Go from UPS and Penny Black, a startup software-as-a-service solution that provides hyper-personalized post-purchase inserts, in 2025 and Shipwire from Ceva Logistics in January. The logistics provider also bought a former Quiet Logistics warehouse this year to expand its footprint in the Dallas market. Analysts say Atlanta-based Stord has attracted investors and a high valuation because it has been able to position itself as a technology company that uses software to orchestrate e-commerce fulfillment services from a dozen regional warehouses and an expanded network of partner facilities.