ATLANTA, March 31, 2021 -- Today, we’re excited to announce that Stord has raised a $65M Series C round led by BOND, bringing our total capital raised in the last six months to $100M. This new funding will propel our expansion as we build the first end-to-end cloud supply chain—enabling us to continue to build a world-class team, obsess over our customers, build new products and features, and expand our logistics network.
Retailers and e-commerce brands of today are in a race to deliver products to customers faster than ever. While retail behemoths have spent decades building their logistics network and technology in-house, the average retail or ecommerce brand is stuck trying to compete with a prime-like experience by piecing together a mix of expensive fulfillment centers, complex third party logistics providers, and clunky enterprise software.
At Stord, our mission is to empower retailers and e-commerce brands to build fast, scalable, technology-driven supply chains at a fraction of the cost, and in even less time than it would take for them to build themselves. We do this by combining our best-in-class logistics network and software into one configurable platform—we call this the Cloud Supply Chain.
Whereas building a traditional supply chain requires investing substantial time and money in physical infrastructure, complex legacy software, and human expertise, our cloud-supply chain is built to fundamentally abstract these complexities. Stord provides brands a cloud-based platform that offers complex 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. This network serves leading retailers and fast growing e-commerce brands such as Dollar General, Tyson Foods, Advance Auto Parts, Schneider Electric, Veritiv, and more.
While our mission at Stord has been consistent from day one, over the last 12 months the need for our solution in the market could not be more acute. With brands facing continuous supply chain disruptions, and consumers shifting buying behaviors online throughout COVID, logistics has been prioritized for brands of all sizes. Over our past year of record growth, our team grew to over 165 employees, our revenue grew nearly 500%, and the reach of our logistics network has expanded exponentially.
We’re excited to partner with Adam Ghetti and the team at BOND in our Series C. The round was also joined by Founders Fund, Susa Ventures, Dynamo, Lineage Logistics, and Salesforce Ventures.
A sincere thank you goes to our customers who have trusted us to optimize and accelerate their supply chains, our world-class team for their obsession in making our customers successful, and our investors for their belief in our mission.
Only five years in, we are immensely proud of what our customers are accomplishing with Stord today. As we continue to execute against our long-term mission of building the first end-to-end Cloud Supply Chain, the coming years will only be more exciting.
Get started: https://www.stord.com/get-started