Stord Closes $65 Million Funding Round, Expanding Its Cloud Supply Chain
Stord, a cloud supply chain services provider for retail and e-commerce brands, raised a $65 million Series C round led by venture capital firm Bond, bringing its total capital raised in the past six months to $100 million. The round was also joined by Founders Fund, Susa Ventures, Dynamo, Lineage Logistics, and Salesforce Ventures.
The new funding will help propel Stord’s expansion, build new products and features, and expand its logistics network.
While retail giants have spent decades building out their logistics networks and technology in-house, the average retail or e-commerce brand doesn’t have the same capabilities. Stord helps empower those brands to build scalable, technology-driven supply chains at a fraction of the cost, and in less time than it would take to build in-house solutions.
The company combines its logistics network and software into one configurable platform: the Cloud Supply Chain. The cloud-based platform offers end-to-end logistics services of a quality typically only available for the largest brands, and with utility-like, pay-as-you-go pricing that a brand can leverage from startup to enterprise-level scale.
Stord’s logistics network combines more than 500 warehouses and 20,000 carriers to position inventory within 100 miles of more than 95% of the population—processing millions of fulfillment orders and tens-of-thousands of truckload shipments annually. Its network serves brands such as Dollar General, Tyson Foods, Advance Auto Parts, Schneider Electric, and Veritiv.