The Series D round helps Stord attain unicorn status at a valuation of $1.13B. Here are the top-line bullets you need to know.
Stord, a provider of digital warehouse and distribution network technology, has raised $90M in a Series D. The round drew participation from D1 Capital Partners, Lineage Logistics, Lux Capital, Founders Fund, Susa Ventures, and Palm Tree Crew Investments, among others. Stord also announced that it acquired Fulfillment Works, a leading DTC fulfillment provider.
How’s the company performing?
- Georgia-based Stord offers a cloud supply chain that allows users to view and manage their entire distribution network from a single platform.
- The company integrates physical logistic services such as warehousing, freight, and fulfillment into its digital platform in order to help brands speed up fulfillment and delivery networks.
- Stord currently has a network of more than 400 warehouse partners and 15,000 carriers.
- In 2020, the company witnessed more than 300% growth and generated revenue of over $100M.
- Stord currently has a team of 400 employees.
Why does the market matter?
- The global logistics market is projected to grow at a CAGR of 6.5% and reach a value of $12.98T by 2027, according to Allied Market Research.
- Increased demand for FMCG, medical supplies, and other consumer goods alongside the rapid adoption of online retail and e-commerce solutions amid the Covid-19 pandemic has contributed to market growth.
- The global supply chain and logistics technology segment witnessed more than 400 deals over the course of 2020.