Cart.com, a Houston, TX-based provider of unified commerce and logistics solutions for merchants, raised $105M in debt facility.
The facility was provided by funds and accounts managed by BlackRock.
The latest facility, among other things, consolidates Cart.com’s venture debt at competitive terms as the company continues its rapid growth trajectory.
Led by Founder and CEO Omair Tariq, Cart.com is a provider of unified commerce and logistics solutions that enable B2C and B2B companies as well as public sector agencies to sell and fulfill wherever their customers are. Its enterprise-grade software, services and logistics infrastructure, including its own network of fulfillment and distribution centers, are used by brands and organizations to unify commerce operations across channels and drive more efficient growth.
Commenting on the news, Omair Tariq said: “This latest facility allows us to further expand into new markets while enhancing our innovative technology solutions, particularly our Constellation OMS offering. It also underscores our teams’ relentless work in driving operational excellence and profitability as we continue to partner with larger and larger customers across industries.”
FinSMEs
17/07/2024