E-commerce logistics firm Stord has completed a $250 million funding round, elevating its valuation to $3 billion, double from a year ago. The round was led by Strike Capital, with participation from Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared, and Bond. This brings Stord's total funding to approximately $775 million.
Founded in 2015, Stord specializes in e-commerce fulfillment services, offering a warehouse network and inventory management software. The company recently integrated an AI interface into its logistics software, enhancing its market appeal. Stord's rapid growth and innovation continue to attract significant investment despite a cooling venture capital market.
Stord Secures $250M Funding, Valuation Hits $3B
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