Stord, an Atlanta, GA-based cloud supply chain company, raised $120M in Series D funding.
Now valued at roughly $1.3 billion, Stord recently crossed $200m in annualized revenue run-rate and has raised $325m in total funding. The round was led by Franklin Templeton, with participation from Sozo Ventures, Strike Capital and 137 Ventures, along with existing investors Kleiner Perkins, Founders Fund, BOND, Susa Ventures, Dynamo Ventures, Lux Capital and Salesforce Ventures.
The company intends to use the funds to continue expanding its capabilities across logistics and technology, while further building out its industry-leading team.
Led by CEO Sean Henry, Stord provides brands with an integrated platform combining freight, fulfillment, warehousing, packaging, and parcel / last mile delivery that offers full visibility and insight across their supply chains. The company is building additional orchestration and optimization capabilities into its software offering that leading brands use to connect and manage their own supply chains. Additionally, Stord is currently piloting an entirely new software product to improve operational efficiency across warehouse facilities, whether first-party, third-party or customer-owned.
In the past six months, Stord has:
- Grown headcount to over 700, and expects to close 2022 with more than 1,000 employees
- Enhanced its e-commerce capabilities and added major brands including Thrasio, Native, Tula, JUDY, Curie, and One Fresh Pillow to its customer roster
- Expanded partnerships with enterprise customers including Coca-Cola, BODYARMOR, Dollar General, and Niagara Bottling
- Increased its warehouse network to more than 1,000 facilities across the U.S.
- Expanded its executive ranks, including the promotion of Steve Swan as COO (formerly Amazon); Shyam Sundar as VP of Engineering (formerly Amazon, Zendesk, Mapbox); Sarah Feulner as VP of People (formerly Bumble); Mark Satisky as VP of Corporate Development (formerly NCR); and Mario Paganini as VP of Marketing (formerly Shippo)
- Launched an integration with Salesforce to enable Commerce Cloud customers to integrate their sales channels, retail partners and logistics with itscloud supply chain software platform
- Built deeper order and inventory visibility, system connectivity and business intelligence capabilities into its cloud supply chain software platform
FinSMEs
10/05/2022