Cart.com, an Austin, TX-based provider of unified commerce and logistics solutions, has received $30 million in growth capital.
SaaS Investors
The investment was from Trinity Capital.
Trinity Capital Inc., an internally managed business development company, is a provider of diversified financial solutions to growth-stage companies with institutional equity investors. Trinity Capital's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term loans equipment financings, and equity-related investments.
Cart.com Use of Funds
The company will use the funds to strengthen its balance sheet and support its growth plans.
About Cart.com
Cart.com provides commerce and logistics solutions that enable companies to manage their online presence and operations. Cart.com offers a suite of digitally-driven logistics capabilities, enterprise-grade channels, order management software, and services to simplify commerce for middle-market and enterprise companies. The company operates 14 omnichannel facilities nationwide and supports over $8 billion in gross merchandise value.
Funding Details
Company: Cart.com, Inc.
Raised: $30.0M
Round: Growth
Funding Month: December 2023
Lead Investors: Trinity Capital
Additional Investors:
Company Website: https://cart.com/
Software Category: Commerce and Logistics Solutions
Source: https://www.prnewswire.com/news-releases/trinity-capital-inc-provides-30-million-growth-capital-to-cartcom-302020378.html