Cart.com Raises $240 Million in Funding  

by Kay Aloha Villamor February 8th, 2022

Cart.com, an Austin, Texas-based end-to-end eCommerce leader, announced $240 million in new equity and debt funding. When combined with prior funding rounds, secured $380 million in capital to date.

Legacy Knight Capital Partners, the growth equity arm of Legacy Knight Multifamily Office, led the equity round, with participation from Citi Ventures, Visa, and other Fortune 100 brands. J.P. Morgan and TriplePoint Capital provided the venture debt financing.

With this new funding, Cart.com is poised to continue its strategy of acquiring top providers from across the eCommerce value chain while staying hyper-focused on meeting the evolving needs of the brands we serve.

Company: Cart.com, Inc.

Raised: $240.0M

Round: unknown

Funding Month: February 2022

Lead Investors: Legacy Knight Capital Partners

Additional Investors: Citi Ventures, Visa, Fortune 100 brands. J.P. Morgan and TriplePoint Capital

Company Website: https://www.cart.com/

Software Category: E-commerce-as-a-service platform

About the Company: Cart.com is an end-to-end eCommerce solutions provider delivering a fully integrated and owned suite of software, expert services, and infrastructure to scale businesses online. The company offers a wealth of business solutions including online store software; digital marketing, fulfillment, and financial services; customer service capabilities; multichannel management; and unified analytics across all areas of commerce and marketing performance. Adding to its existing capabilities in marketing, fulfillment, storefront management, and analytics, recent acquisitions have included FB Flurry, a tech-driven DTC and B2B fulfillment and customer care provider, and SellerActive a provider of SaaS multichannel eCommerce tools.

Source: https://www.cart.com/newsroom/cart-com-closes-240m-new-funding-as-explosive-growth-continues




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